Investing.com - Lockheed Martin (NYSE:LMT) reported on Tuesday first quarter earnings that beat analysts' forecasts and revenue that fell short of expectations.
Lockheed Martin announced earnings per share of $6.44 on revenue of $14.96B. Analysts polled by Investing.com anticipated EPS of $6.21 on revenue of $15.64B.
Lockheed Martin shares are up 31% from the beginning of the year and are trading at $458.00 , down-from-52-week-high.They are outperforming the S&P 500 which is down 7.86% from the start of the year.
Lockheed Martin shares lost 2.02% in pre-market trade the report.
Lockheed Martin follows other major Industrials sector earnings this month
Lockheed Martin's report follows an earnings beat by Cintas on March 23, who reported EPS of $2.69 on revenue of $1.96B, compared to forecasts EPS of $2.44 on revenue of $1.91B.
Fastenal had beat expectations on April 13 with first quarter EPS of $0.47 on revenue of $1.7B, compared to forecast for EPS of $0.45 on revenue of $1,688M.
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