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Lockheed Martin Stock Stumbles as Defense Contractor Cuts Forecast

1. Lockheed Martin reported $1.6 billion in losses across several programs. 2. Full-year profit outlook cut, earnings per share now $21.70 to $22. 3. Company maintained sales forecast of $73.75 to $74.75 billion. 4. Classified aeronautics program caused $950 million in pre-tax losses. 5. Stock declined 8% on report, down around 12% this year.

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FAQ

Why Very Bearish?

The significant mismatch between profit outlook and market expectations often results in drastic stock declines, as seen historically with similar defense contractors during challenging project phases.

How important is it?

The substantial losses and profit outlook revision directly impact investor confidence and stock market valuation.

Why Short Term?

Immediate investor reaction to losses and forecasts will likely persist, influencing stock behavior over the short-term.

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