Lockheed Martin Delivered Solid Earnings, But Whiffed on the 1 Number That Mattered

Lockheed Martin Delivered Solid Earnings, But Whiffed on the 1 Number That Mattered

Lockheed Martin (NYSE: LMT) exceeded expectations in the third quarter, yet the stock still sold off by more than 2% on the news. Lockheed Martin's report only reinforced those concerns, causing the stock to sell-off. Lockheed Martin earned $6.25 per share in the third quarter on revenue of $16.5 billion, topping analyst expectations of $6.09 per share in earnings on sales of $16.1 billion.