LMT - Lockheed Martin rises in premarket trading on adjusted EPS beat
Lockheed Martin ( NYSE: LMT ) rose 0.7% in premarket trading after the defense contractor reported Q3 adjusted EPS of $6.87, beating estimates by $0.15. Its revenue of $16.58 billion missed the consensus estimate by $110 million.
The company added as much as $14 billion to its stock buyback program. It plans $4 billion in repurchases of common stock during the final three months of 2022, bringing the yearly total to $8 billion.
| Lockheed Martin |
| Net sales (mln) |
| Business unit |
| Q3 2022 |
| Q3 2021 |
| % change |
| Aeronautics |
| $7,089 |
| $6,568 |
| 7.9% |
| Missiles and Fire Control |
| $2,831 |
| $2,781 |
| 1.8% |
| Rotary and Mission Systems |
| $3,781 |
| $3,980 |
| -5.0% |
| Space |
| $2,882 |
| $2,669 |
| 8.0% |
| Total |
| $16,583 |
| $16,028 |
| 3.5% |
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Lockheed Martin rises in premarket trading on adjusted EPS beat