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Aditya Sarawgi

Lockheed Martin's Quarterly Earnings Preview: What You Need to Know

Lockheed Martin LMT

Bethesda, Maryland-based Lockheed Martin Corporation (LMT) specializes in manufacturing and designing fighter aircraft and missiles. It’s popularly known for its fighter aircraft like F-16 Falcon, F-22 Raptor, and F-35 Lightning. With a market cap of $107.4 billion, Lockheed Martin operates through Aeronautics, Missiles and Fire Control, Rotary and Mission Systems, and Space segments.

The defense giant is expected to announce its second-quarter results on Tuesday, Jul. 22. Ahead of the event, analysts expect LMT to report a profit of $6.57 per share, down 7.6% from $7.11 per share reported in the year-ago quarter. On a positive note, the stock has outperformed Street’s bottom-line estimates in each of the past four quarters.

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