Categories AlphaGraphs, Earnings, Industrials
Infographic: Lockheed Martin (LMT) Q2 2022 earnings, revenue decline
Aerospace company Lockheed Martin Corporation (NYSE: LMT) Tuesday said its sales decreased 9% in the second quarter of 2022, resulting in a marked drop in net profit. The results also missed the consensus estimates.
Reflecting the impact of pandemic-related business disruption and macroeconomic headwinds, Lockheed Martin’s net sales dropped 9% from last year to $15.4 billion in the June quarter. The number also came in below the consensus estimate.
Consequently, net income dropped to $309 billion or $1.16 per share from $1.8 billion or $6.52 per share in the second quarter of 2021. Adjusted profit, excluding special items, was $6.32 per share, compared to $6.42 per share last year. The bottom line fell short of expectations.
Check this space to read management/analysts’ comments on Lockheed Martin’s Q2 2022 results
Lockheed Martin’s shares declined early Tuesday following the earnings announcement, after closing the previous session lower.
Prior Performance
Looking for more insights on the earnings results? Click here to access the full transcripts of the latest earnings conference calls!
Most Popular
EA Earnings: Electronic Arts reports lower revenues for Q4 2024
Video game publisher Electronic Arts (NASDAQ: EA) Tuesday reported a decline in revenues for the fourth quarter of 2024. Meanwhile, the top line came in slightly above analysts' estimates. Fourth-quarter
What to look for when Home Depot (HD) reports Q1 2024 earnings
Shares of The Home Depot (NYSE: HD) stayed red on Tuesday. The stock has gained 17% over the past 12 months. The home improvement retailer is scheduled to report its
Infographic: Key highlights from Disney’s (DIS) Q2 2024 earnings results
The Walt Disney Company (NYSE: DIS) reported second quarter 2024 earnings results today. Revenues increased 1% year-over-year to $22.1 billion. Net loss attributable to The Walt Disney Company was $20