Lockheed Martin Earnings, Revenue Miss in Q2

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Lockheed Martin announced earnings per share of $6.32 on revenue of $15.45B. Analysts polled by Investing.com anticipated EPS of $6.34 on revenue of $15.99B.

Lockheed Martin shares are up 8% from the beginning of the year, still down 19.31% from its 52 week high of $479.99 set on March 7. They are outperforming the S&P 500 which is down 19.62% from the start of the year.

Lockheed Martin shares lost 1.80% in pre-market trade following the report.

Lockheed Martin’s report follows an earnings matched by FedEx on June 23, who reported EPS of $6.87 on revenue of $24.4B, compared to forecasts EPS of $6.87 on revenue of $24.5B.

Cintas had beat expectations on Thursday with fourth quarter EPS of $2.72 on revenue of $2.07B, compared to forecast for EPS of $2.68 on revenue of $2.01B.

Stay up-to-date on all of the upcoming earnings reports by visiting Investing.com’s earnings calendar