Market News

Lockheed Martin Delivers Mixed Q3 Results

Lockheed Martin (NYSE: LMT), the aerospace company announced Q3 results with revenues of $16.6 billion, versus $16 billion but missed analysts’ estimates by $110 million.

Adjusted earnings came in at $6.87 per share versus $6.60 in the same period a year back and surpassed analysts’ estimates of $6.57per share.

Is LMT a Buy or Sell?

Analysts are sidelined about LMT with a Hold consensus rating based on three Buys, eight Holds, and two Sells. The average price forecast for LMT stock is $456.42 implying an upside potential of 14.8% at current levels.

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