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Lockheed Martin Earnings, Revenue Miss in Q3 -Breaking

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Lockheed Martin earnings, revenue miss in Q3

Investing.com Lockheed Martin (NYSE: ) On Tuesday, the company reported its third quarter results. They missed analyst forecasts and had revenue fall short of expectations.

Lockheed Martin reported earnings per share at $2.21 on $16.03 billion in revenue. Investing.com polled analysts and predicted EPS at $2.29 for revenue $17.12B.

Lockheed Martin shares rose 6% over the first of the year but are down 5.20% compared to its 52-week peak of $396.99, which was set May 10. They are under-performing the S&P 500 which is up 21.58% from the start of the year.

Lockheed Martin is following other capital goods sector earnings this month

Lockheed Martin reports on an earnings beat reported by ASML ADR October 20. They reported EPS at $4.97 for revenue $6.1B. This compares to the forecasts of EPS at $4.61 for revenue $6.19B.

Honeywell beat all expectations Friday, posting a third-quarter EPS of $2.02 on $8.47B in revenue. This compares to the $1.99 forecasted for $8.66B revenue.

You can keep up-to date on the latest earnings reports by visiting Investing.com’s earnings calendar

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