Investing.com - Lockheed Martin (NYSE:LMT) announced fourth quarter earnings that beat analysts' expectations on Tuesday and revenue that topped forecasts.
The company reported earnings per share of $5.29 on revenue of $15.88B. Analysts polled by Investing.com expected EPS of $5.01 on revenue of $15.25B. That compared to EPS of $4.39 on revenue of $14.41B in the same quarter a year earlier. Lockheed Martin had announced EPS of $5.66 on revenue of $15.17B in the prior quarter.
Analysts are expecting EPS of $5.81 and revenue of $14.86B in the upcoming quarter.
Lockheed Martin stock's are up 11.04% from the beginning of the year , down-from-52-week-high.
Lockheed Martin follows other major Capital Goods sector earnings this month
On Tuesday, United Technologies reported fourth quarter EPS of $1.94 on revenue of $19.55B, compared with a forecasts for EPS of $1.84 on revenue of $19.4B.
ASML ADR earnings missed analysts' expectations on Wednesday, January 22, 2020, with fourth quarter EPS of $2.99 on revenue of $4.47B. Investing.com analysts expected EPS of $3.01 on revenue of $4.35B
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