Investing.com - Lockheed Martin (NYSE:LMT) reported on Tuesday first quarter earnings that beat analysts' forecasts and revenue that fell short of expectations.
Lockheed Martin announced earnings per share of $6.56 on revenue of $16.26B. Analysts polled by Investing.com anticipated EPS of $6.31 on revenue of $16.38B.
Lockheed Martin shares are up 10% from the beginning of the year, still down 6.19% from its 52 week high of $417.59 set on June 8, 2020. They are under-performing the S&P 500 which is up 10.84% from the start of the year.
Lockheed Martin shares lost 0.76% in pre-market trade following the report.
Lockheed Martin follows other major Capital Goods sector earnings this month
Lockheed Martin's report follows an earnings beat by Fastenal on April 13, who reported EPS of $0.37 on revenue of $1.42B, compared to forecasts EPS of $0.3662 on revenue of $1.42B.
Dover had beat expectations on Tuesday with first quarter EPS of $1.81 on revenue of $1.87B, compared to forecast for EPS of $1.45 on revenue of $1.73B.
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