Lockheed Martin earnings beat expectations

Lockheed Martin’s third-quarter earnings report indicated that it beat analysts’ expectations. The report was released on Tuesday and the company posted revenue less than expected.

Earnings per share amounted to $6.87, while revenues were recorded at $16.60. According to the report, Lockheed Martin shares gained 0.70% to trade at $400.10 in early trading.

During the year, Lockheed Martin shares traded down 31.39%, underperforming the S&P 500 which is down 22.83% this year.