Lockheed Martin Likely To Report Lower Q2 Earnings; These Most Accurate Analysts Revise Forecasts Ahead Of Earnings Call

Lockheed Martin Corporation (NYSE:LMT) will release earnings results for the second quarter, before the opening bell on Tuesday, July 22.

Analysts expect the Bethesda, Maryland -based company to report quarterly earnings at $6.57 per share, down from $7.11 per share in the year-ago period. Lockheed Martin projects to report quarterly revenue at $18.58 billion, compared to $18.12 billion a year earlier, according to data from Benzinga Pro.

Lockheed Martin is in preliminary discussions with several companies to utilize its two eastern Pacific licenses. These licenses, secured from US regulators in the early 1980s, have recently garnered significant interest from undersea mining groups, despite never being utilized, reported the Financial Times.

Lockheed Martin shares fell 1.1% to close at $463.96 on Friday.

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