Lockheed Martin Q2 EPS $1.16 May Not Compare To $6.39 Estimate, Sales $15.40B Miss $16.05B Estimate

Lockheed Martin (NYSE:LMT) reported quarterly earnings of $1.16 per share which missed the analyst consensus estimate of $6.39 by 81.85 percent. This is a 82.21 percent decrease over earnings of $6.52 per share from the same period last year. The company reported quarterly sales of $15.40 billion which missed the analyst consensus estimate of $16.05 billion by 4.05 percent. This is a 9.57 percent decrease over sales of $17.03 billion the same period last year.