From Financial Modeling Prep: 2025-01-28 10:09:00

Lockheed Martin (NYSE:LMT) shares fell over 4% in premarket trading after reporting lower-than-expected fourth-quarter sales. Despite beating earnings estimates with $7.67 per share, revenue of $18.6 billion missed expectations. Net earnings dropped to $527 million due to a $1.7 billion loss from classified programs. Operational cash flow fell 57% to $1.02 billion, but backlog increased 9.6% to $176.04 billion.

CEO Jim Taiclet highlighted 5% sales growth in 2024 and a record-high backlog. Lockheed Martin returned over 100% of its free cash flow to shareholders. Projected 2025 earnings per share of $27.00 to $27.30 fell short of the consensus estimate of $27.82. Revenue guidance was set between $73.75 billion and $74.75 billion, aligning closely with expectations.



Read more at Financial Modeling Prep:: Lockheed Martin Misses Q4 Sales Estimates, Shares …