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.

Lockheed Martin Q1 2022 earnings infographic

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.

Check out our analysis

Most Popular

CVX Earnings: Chevron reports lower revenue and profit for Q3 2024

Energy exploration company Chevron Corporation (NYSE: CVX) on Friday announced third-quarter 2024 financial results, reporting a decline in net profit and revenues. Net income attributable to Chevron Corporation dropped to

Key highlights from Exxon Mobil Corporation’s (XOM) Q3 2024 earnings results

Exxon Mobil Corporation (NYSE: XOM) reported its third quarter 2024 earnings results today. Total revenues and other income remained relatively flat at $90 billion compared to the same period a

AAPL Earnings: Apple Q4 2024 sales rise 6% YoY, beat estimates

Apple Inc. (NASDAQ: AAPL) reported an increase in revenues for the fourth quarter of 2024. The top line came in above estimates. The gadget giant generated revenues of $94.9 billion

Add Comment
Loading...
Cancel
Viewing Highlight
Loading...
Highlight
Close
Top