LMT - Why Lockheed's Earnings Are Weaker Than They Look
Lockheed Martin (NYSE: LMT) reported its fiscal 2022 first-quarter earnings on Tuesday and investors weren't terribly happy with what they saw. The stock price is down about 4% in the three trading days since earnings came out, but shares of the defense contracting giant are still trading markedly higher than they were before the war in Ukraine began. The stock is trading at the levels they were at the start of March.
What did Lockheed management say to get investors so upset, and what does the future hold for Lockheed Martin stock? Let's take a look.
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Why Lockheed's Earnings Are Weaker Than They Look