Categories AlphaGraphs, Earnings, Industrials
Earnings: Lockheed Martin (LMT) Q1 2023 revenue increases
Aerospace company Lockheed Martin Corporation (NYSE: LMT) Tuesday said its net sales increased modestly in the first quarter of 2023, but net profit declined.
The company reported first-quarter 2023 net sales of $15.13 billion, compared to $14.96 billion in the prior-year period. The management also provided guidance for fiscal 2023.
First-quarter net profit was $1.69 billion, down from $1.73 billion reported in the corresponding period of last year. On a per-share basis, meanwhile, earnings increased to $6.61 per share from $6.44 per share last year.
“We are off to a strong start for the new year in delivering to our customers the products and systems essential to enhancing national security and space exploration, and in delivering performance and value to our shareholders,” said Lockheed Martin’s CEO Jim Taiclet.
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
CL Earnings: Key quarterly highlights from Colgate-Palmolive’s Q2 2024 financial results
Colgate-Palmolive Company (NYSE: CL) reported its second quarter 2024 earnings results today. Net sales increased 4.9% year-over-year to $5 billion. Organic sales increased 9%. Net income attributable to Colgate-Palmolive Company was $731
Key takeaways from Visa’s Q3 2024 earnings report
Credit card behemoth Visa, Inc. (NYSE: V) this week reported mixed results for the June quarter, with earnings matching expectations and sales slightly missing the view. Both numbers grew in
Southwest Airlines (LUV): A look at the airline’s performance in Q2 2024
Shares of Southwest Airlines Co. (NYSE: LUV) were up over 6% on Thursday after the company beat earnings estimates for the second quarter of 2024. The stock has gained 4%
