Lockheed Martin Beats Q2 Earnings Forecast, Raises Annual Guidance on July 23

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According to CNBC and Motley Fool, Lockheed Martin reported Q2 earnings per share of $7.94 on July 23, exceeding analyst expectations of $7.23. Revenue reached $20.1 billion, up 11% year-over-year and well above the consensus forecast of $19.4 billion. The defense contractor raised its full-year revenue guidance to approximately $80.8 billion and adjusted annual EPS guidance to $29.95-$30.65, up roughly $0.50 from prior guidance.
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