Lockheed Martin Corp (NYSE:LMT) delivered stronger-than-expected first-quarter results, posting solid gains in profit and revenue that topped Wall Street forecasts, and reaffirmed its full-year outlook despite a mixed performance across business segments.
Earnings per share of $7.28 were up from $6.39 in the year-ago quarter and beat estimates of $6.31.
Revenue was up 4% year-over-year at $18 billion, compared to Street forecasts of $17.8 billion.
Aeronautics revenue was up 3% at $7.06 billion, Missiles and Fire Control sales were up 13% at $3.37 billion, Rotary and Missions Systems sales increased 6% at $4.33 billion, while Space revenue declined by 2% to $3.21 billion.
The company also reaffirmed its 2025 guidance of revenue in the range of $73.75 billion to $74.75 billion and earnings per share in the range of $27 to $27.30.
"These solid first quarter results reinforce confidence in our ability to achieve the full year 2025 financial guidance we laid out in January, demonstrating the resilience and adaptability of Lockheed Martin's franchises amidst a highly dynamic geopolitical and technical environment,” Lockheed Martin CEO Jim Taiclet said in a statement.
Lockheed Martin shares were up 3% pre-market but dropped 2.6% at the opening bell to hit $446.41.