trending Market Intelligence /marketintelligence/en/news-insights/trending/N-10vuVjU2yIhV81WpCluQ2 content esgSubNav
In This List

Lockheed Martin fiscal Q1 profit falls YOY

Podcast

Next in Tech | Episode 49: Carbon reduction in cloud

Blog

Price wars in India: Disney+ Hotstar vs. Amazon Prime Video vs. Netflix

Blog

Volume of Investment Research Reports on Inflation Increased in Q4 2021

Blog

Using ESG Analysis to Support a Sustainable Future


Lockheed Martin fiscal Q1 profit falls YOY

Lockheed Martin Corp. said its normalized net income for the fiscal first quarter ended March 29 was $2.47 per share, compared with the S&P Capital IQ consensus estimate of $2.49 per share.

EPS declined year over year from $2.59.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was $791.3 million, a decrease of 6.1% from $842.5 million in the prior-year period.

The normalized profit margin dropped to 7.8% from 7.9% in the year-earlier period.

Total revenue declined 5.1% on an annual basis to $10.11 billion from $10.65 billion, and total operating expenses declined 4.9% year over year to $8.83 billion from $9.29 billion.

Reported net income fell 6.0% from the prior-year period to $877.3 million, or $2.74 per share, from $933.0 million, or $2.87 per share.