Categories AlphaGraphs, Earnings, Industrials
Infographic: Lockheed Martin (LMT) Q1 2022 earnings, revenue decline
Aerospace company Lockheed Martin Corporation (NYSE: LMT) Tuesday said its net sales decreased 8% in the first quarter of 2022, resulting in a marked decline in profit. The top line also fell short of the market’s prediction, while earnings beat the estimates.
Reflecting the impact of pandemic-related business disruption and macroeconomic headwinds, Lockheed Martin’s net sales dropped 8% from last year to $14.96 billion in the March quarter. The number also came in below the consensus estimate. Consequently, net income dropped to $1.73 billion or $6.44 per share from $1.84 billion or $6.56 per share in the first quarter of 2021. The bottom line, however, topped expectations.
Check this space to read management/analysts’ comments on Lockheed Martin’s Q1 2022 results
Lockheed Martin’s shares declined early Tuesday following the earnings announcement, after closing the previous session lower.
Prior Performance
Will the Airline Industry Evolve or Die After the Black Swan-ish Disruption?
Is the airline industry staring at an evolutionary cycle after the Coronavirus-induced Pandemic that has no parallels in the past? What was the thought process of top airline executives as Covid-19 unfolded? Were they prepared? What lies ahead? We try to find out from the treasure trove of Earnings Transcripts & Press Releases.
Most Popular
AAPL Earnings: Apple’s Q2 sales and profit beat estimates; iPhone sales down 10%
Apple Inc. (NASDAQ: AAPL) on Thursday reported better-than-expected profit and revenue for the second quarter of 2024. There was a 10% decrease in iPhone sales. The gadget giant reported revenues
Shopify (SHOP) is all set to report Q1 2024 results. Here’s what to expect
Over the years, Shopify Inc. (NYSE: SHOP) has steadily expanded its footprint in the online retail market through constant innovation, like the recent launch of a mobile POS device for
eBay (EBAY): A look at how the ecommerce company fared in Q1 2024
Shares of eBay Inc. (NASDAQ: EBAY) were down over 2% on Thursday. The company reported its earnings results for the first quarter of 2024 a day ago, with revenue and