Lockheed Martin's stock slips as earnings fall short of estimates

Dow Jones

Jan 28, 2025

MW Lockheed Martin's stock slips as earnings fall short of estimates

Lockheed Martin Corp.'s stock fell 3.5% early Tuesday, after the aerospace and defense company's fourth-quarter earnings fell short of estimates as it booked losses on classified programs.

Bethesda, Md.-based Lockheed $(LMT)$ had per-share earnings of $2.22 in the quarter, down from $7.58 a share, in the year-earlier period, weighed down by $1.7 billion of losses for classified programs. Sales fell to $18.6 billion from $18.9 billion. The FactSet consensus was for EPS of $6.62 and sales of $18.8 billion.

(This story will be updated shortly)

-Ciara Linnane

This content was created by MarketWatch, which is operated by Dow Jones & Co. MarketWatch is published independently from Dow Jones Newswires and The Wall Street Journal.

(END) Dow Jones Newswires

January 28, 2025 07:41 ET (12:41 GMT)

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