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F-35 Jets Delay Causes Turbulence In Lockheed Martin Stock, But Golden Cross Signals Potential Take-Off

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Lockheed Martin Corp (NYSE:LMT) stock reacted as the company reported its fourth-quarter earnings.

The Bethesda, Maryland-based company delivered an 8.82% surprise in earnings and a 5.03% surprise in revenue. Lockheed’s 2023 backlog reached a record $160.6 billion, and sales increased 2% to $67.6 billion.

F-35 Jets Delay Causes Turbulence In Lockheed Martin Stock

In terms of guidance, Lockheed sees net sales of $68.5 billion-$70 billion and diluted EPS of $25.65-$26.35 for fiscal year 2024. The company also revealed that software issues might cause a delay in the delivery …

Full story available on Benzinga.com

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