Key Takeaways
- Defense contractors RTX and Lockheed Martin posted differing results and guidance, sending shares in opposite directions.
- RTX beat profit and sales forecasts, as all three of its units recorded revenue gains.
- Lockheed Martin's sales fell short of estimates, as did its full-year earnings outlook.
Shares of RTX (RTX) and Lockheed Martin (LMT) headed in opposit🦹e directions Tuesday after the two big defense contractors 🦋reported quarterly results.
RTX shares advanced more than 2% when the maker of Pratt & Whitney engines posted fourth-quarter adjusted 澳洲幸运5开奖号码历史查询:earnings per share (EPS) of $1.54, with revenue up 9% year-over-year to $21.62 billion. Both were above🐻 analysts' forecasts compiled by Visible Alpha.
Sales at the Pratt & Whitney division jumped 18% to $7.57 billion, rose 6% to $7.54 billion at Collins Aeros൩pace, and gained 4% to $7.16 billion at Raytheon.
RTX sees full-year adjusted EPS of $6.00 to $6.15, and adjཧusted sales of $83 billion to $84 billion.🧜
Existing C൩lassified Programs Loss Hits Lockheed Martin Results
Lock👍heed Martin shares sank nearly 8% as the company missed sales estimates and issued weaker-than-expected profit guidance as it took a big charge in the qꦕuarter.
Adjusted EPS came in at $7.67, but that excluded an after-tax loss of $5.45 per share for classified programs. Revenue fell 1.3% to $18.62 billion. Analysts surveyed🐼 by Visible Alphaಞ expected $18.86 billion.
The loss for existing classified programs at its Aeronautics and Missiles and Fire Control (MFC) business segments came after a review that determined the company would have ☂higher costs in order to meet required milestones.
L𝕴ockheed Martin expects full-year EPS in the range of $27.00 to $27.30. The Visible Alpha forecast was for $27.44.
RTX shares traded at an all-time high. Shares of Lockheed Martin remained nearly 8% higher over the last year despite today's selloff.
:max_bytes(150000):strip_icc()/RTX_2025-01-28_10-46-53-3ebf02a7f5d543d4bab9df7070ff9709.png)
TradingView