Lockheed: Q1 Earnings Snapshot

April 19, 2022 GMT

BETHESDA, Md. (AP) _ Lockheed Martin Corp. (LMT) on Tuesday reported first-quarter earnings of $1.73 billion.

The Bethesda, Maryland-based company said it had profit of $6.44 per share.

The results topped Wall Street expectations. The average estimate of six analysts surveyed by Zacks Investment Research was for earnings of $6.22 per share.

The aerospace and defense company posted revenue of $14.96 billion in the period, which did not meet Street forecasts. Four analysts surveyed by Zacks expected $15.53 billion.

Lockheed expects full-year revenue of $66 billion.


This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on LMT at https://www.zacks.com/ap/LMT