Lockheed Martin Shifts Focus After Earnings Bomb
Lockheed Martin (NYSE: LMT) delivered mostly bad news during its third-quarter earnings release, sending investors running for the exits. The defense titan fell short of analyst expectations on sales, and warned to expect further sluggish growth in the quarters ahead.
The news wasn't all bad, and Lockheed Martin has a compelling story to tell if you focus on the pipeline and the opportunities for growth in the second half of the decade. But the company is in a period of transition and is going to need time to get its growth engine restarted.
Here's a look at the changing narrative from Lockheed Martin, and how investors should view the company from here.
Source Fool.com
