Lockheed Martin Loses $2.2 Billion in Market Cap After a Big Sales Miss
If you'll pardon the expression when speaking about a defense contractor, Lockheed Martin (NYSE: LMT) is sticking to its guns.
Three months ago, after reporting an earnings beat for its fiscal second quarter, Lockheed Martin raised guidance for the rest of this year by $0.15, predicting that it would earn between $12.30 and $12.60 per share. Three months later, Lockheed Martin has just reported an earnings miss -- but it's raising guidance yet again.
Here's how that story goes.
Source: Fool.com
Lockheed Martin Corp. Stock
€500.40
0.630%
With 9 Buy predictions and only 1 Sell predictions the community sentiment for the stock is positive.
On the other hand, the target price of 493 € is below the current price of 500.4 € for Lockheed Martin Corp., so the potential is actually -1.48%.
