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Lockheed Martin (LMT) Stock Plummets 12% Following Disappointing Q1 Results and Analyst Downgrades
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Lockheed Martin (LMT) Stock Plummets 12% Following Disappointing Q1 Results and Analyst Downgrades
TLDR Lockheed Martin shares declined 11.67% following a disappointing first-quarter earnings release that missed analyst projections First-quarter earnings per share reached $6.44, falling short of the $6.74 consensus forecast; revenues totaled $18.02B versus $18.38B expectations The company reported negative free cash flow of -$291 million during the period Several Wall Street firms reduced their price objectives; overall sentiment remains neu…
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