Lockheed Martin, Weak Fiscal Q2
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Lockheed Martin faces Wall Street pressure after mixed Q2 results and $1.6B in charges. Goldman Sachs analyst reiterates Sell rating and lowers price forecast. Other analysts also cautious. Margins hit by legacy program charges.
Lockheed Martin's stock dip post-earnings presents a buy opportunity with strong demand, growth catalysts, and a 22-year dividend streak. Learn more on LMT stock here.
Results: The defence equipment maker's net profit tanked 80%, while revenue dropped to $18.16 billion, compared with an average expectation of $18.57 billion.