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
Beyond short-term challenges, Cisco’s (CSCO) prospects remain intact
Cisco Systems Inc. (NASDAQ: CSCO) is the undisputed leader in networking technology, but its core business has been facing challenges over the past few years. While the company faces stiff
Earnings: Applied Materials (AMAT) Q2 profit, revenue increase
Semiconductor technology company Applied Materials, Inc. (NASDAQ: AMAT) on Thursday reported higher earnings and revenues for the second quarter of 2022. However, the results missed analysts' estimates. Adjusted net income
Target (TGT) expects Q1 headwinds to continue to impact profitability in the near term
Shares of Target Corporation (NYSE: TGT) were down 4% on Thursday, yet to fully recover from the beating it took a day earlier after delivering mixed results for the first
