Tuesday, October 21, 2014

Update: Lockheed Martin Q3 '14 Earnings


 Summary

  • Lockheed Martin reported mixed Q314 earnings
  • Investors should sell the stock with limited upside from these levels.
  • The original investment thesis anticipated that the stock could start facing issues with lower capital returned to shareholders due to the higher stock prices.
 Lockheed Martin (NYSE:LMT) reported that Q314 earnings beat analyst estimates when including money saved on pension plans. The defense firm continues to see revenue fall and now forecasts single digit declines in 2015. The mixed results sent the stock down in a very bullish day for the stock market with the S&P 500 index up close to 2%.

 Read full article at Seeking Alpha.


 Disclosure: No positions mentioned. Please read the disclaimer page for more details.

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