Recent Quotes View Full List My Watchlist Create Watchlist Indicators DJI Nasdaq Composite SPX Gold Crude Oil EL&P Market Index Markets Stocks ETFs Tools Overview News Currencies International Treasuries Why Lockheed Martin (LMT) Shares Are Getting Obliterated Today By: StockStory October 22, 2024 at 12:45 PM EDT What Happened? Shares of security and Aerospace company Lockheed Martin (NYSE:LMT) fell 5.5% in the afternoon session after the company reported third-quarter earnings results, with revenue falling below Wall Street's expectations. Notably, the company was unable to recognize revenue and profit on approximately $400 million of costs incurred on the Lots 18-19 production contract in the quarter. On the other hand, Lockheed Martin blew past analysts' EBITDA expectations, and its full-year revenue guidance came in higher than Wall Street's estimates. Overall, this was a mixed but weaker quarter. The stock market overreacts to news, and big price drops can present good opportunities to buy high-quality stocks. Is now the time to buy Lockheed Martin? Access our full analysis report here, it’s free. What The Market Is Telling Us Lockheed Martin’s shares are not very volatile and have only had a move greater than 5% over the last year. In that context, today’s move indicates the market considers this news meaningful, although it might not be something that would fundamentally change its perception of the business. Lockheed Martin is up 27% since the beginning of the year, and at $579.96 per share, it is trading close to its 52-week high of $614.61 from October 2024. Investors who bought $1,000 worth of Lockheed Martin’s shares 5 years ago would now be looking at an investment worth $1,551. Do you want to know what moves the business you care about? Add them to your StockStory watchlist and every time a stock significantly moves, we provide you with a timely explanation straight to your inbox. It’s free and will only take you a second. Data & News supplied by www.cloudquote.io Stock quotes supplied by Barchart Quotes delayed at least 20 minutes. By accessing this page, you agree to the following Privacy Policy and Terms and Conditions.
Why Lockheed Martin (LMT) Shares Are Getting Obliterated Today By: StockStory October 22, 2024 at 12:45 PM EDT What Happened? Shares of security and Aerospace company Lockheed Martin (NYSE:LMT) fell 5.5% in the afternoon session after the company reported third-quarter earnings results, with revenue falling below Wall Street's expectations. Notably, the company was unable to recognize revenue and profit on approximately $400 million of costs incurred on the Lots 18-19 production contract in the quarter. On the other hand, Lockheed Martin blew past analysts' EBITDA expectations, and its full-year revenue guidance came in higher than Wall Street's estimates. Overall, this was a mixed but weaker quarter. The stock market overreacts to news, and big price drops can present good opportunities to buy high-quality stocks. Is now the time to buy Lockheed Martin? Access our full analysis report here, it’s free. What The Market Is Telling Us Lockheed Martin’s shares are not very volatile and have only had a move greater than 5% over the last year. In that context, today’s move indicates the market considers this news meaningful, although it might not be something that would fundamentally change its perception of the business. Lockheed Martin is up 27% since the beginning of the year, and at $579.96 per share, it is trading close to its 52-week high of $614.61 from October 2024. Investors who bought $1,000 worth of Lockheed Martin’s shares 5 years ago would now be looking at an investment worth $1,551. Do you want to know what moves the business you care about? Add them to your StockStory watchlist and every time a stock significantly moves, we provide you with a timely explanation straight to your inbox. It’s free and will only take you a second.
What Happened? Shares of security and Aerospace company Lockheed Martin (NYSE:LMT) fell 5.5% in the afternoon session after the company reported third-quarter earnings results, with revenue falling below Wall Street's expectations. Notably, the company was unable to recognize revenue and profit on approximately $400 million of costs incurred on the Lots 18-19 production contract in the quarter. On the other hand, Lockheed Martin blew past analysts' EBITDA expectations, and its full-year revenue guidance came in higher than Wall Street's estimates. Overall, this was a mixed but weaker quarter. The stock market overreacts to news, and big price drops can present good opportunities to buy high-quality stocks. Is now the time to buy Lockheed Martin? Access our full analysis report here, it’s free. What The Market Is Telling Us Lockheed Martin’s shares are not very volatile and have only had a move greater than 5% over the last year. In that context, today’s move indicates the market considers this news meaningful, although it might not be something that would fundamentally change its perception of the business. Lockheed Martin is up 27% since the beginning of the year, and at $579.96 per share, it is trading close to its 52-week high of $614.61 from October 2024. Investors who bought $1,000 worth of Lockheed Martin’s shares 5 years ago would now be looking at an investment worth $1,551. Do you want to know what moves the business you care about? Add them to your StockStory watchlist and every time a stock significantly moves, we provide you with a timely explanation straight to your inbox. It’s free and will only take you a second.
