D-Wave Quantum falls nearly 3% as earnings miss overshadows revenue beat
Investing.com -- Lockheed Martin Corporation reported first-quarter earnings that exceeded analyst expectations, driven by strong performance across its business segments. The defense contractor’s shares rose 1.2% following the announcement.
The aerospace and defense firm posted adjusted earnings per share of $7.28, surpassing the analyst consensus of $6.35. Revenue for the quarter came in at $18 billion, up 4% YoY and above the $17.78 billion estimate.
Lockheed Martin (NYSE:LMT)’s sales growth was primarily fueled by its Missiles and Fire Control segment, which saw a 13% increase in revenue to $3.37 billion. The company attributed the rise to production ramp-ups in tactical and strike missile programs, including JASSM, LRASM, and precision fires systems.
"The momentum we created last year continued into the first quarter of 2025, with sales growing 4% year-over-year and free cash flow generation of $955 million," said Lockheed Martin Chairman, President and CEO Jim Taiclet.
For the full-year 2025 guidance, the company projects earnings per share between $27.00 and $27.30 on revenue of $73.75 billion to $74.75 billion. These figures align closely with analyst expectations of $27.22 EPS and $74.47 billion in revenue.
Lockheed Martin reported a backlog of $173 billion, representing over two years of sales. The company returned $1.5 billion to shareholders through dividends and share repurchases during the quarter.