Headline: Lockheed Martin Surpasses Earnings Expectations with $0.34 Increase, Yet Profits Fall Short

Lockheed Martin's (NYSE: LMT) third-quarter earnings per share were reported at $6.84, surpassing analysts' expectations of $6.50 by $0.34. The profit for this quarter was established at $17.1 billion, while analyst forecasts were at $17.37 billion.

Guidance Lockheed Martin's Fiscal Year 2024 earnings per share are set at $26.65, compared to analyst estimates of $26.44. The revenue for the Fiscal Year 2024 is projected at $71.25 billion, with analysts predicting $71.06 billion.

Lockheed Martin shares closed at $614.61, indicating a 17.88% increase over three months and a 37.76% increase over the last 12 months. In the past 90 days, Lockheed Martin has seen five positive and six negative earnings per share outcomes. According to InvestingPro, Lockheed Martin's financial health score is rated as "Very Good performance."