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