Lockheed Martin stock lifts off on Q2 beat, raised outlook

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Lockheed Martin Corporation (LMT) posted strong second-quarter earnings results, topping Wall Street expectations on both the top and bottom line. The aerospace and defense giant reported revenue of $18.1 billion, surpassing analyst estimates of $17.1 billion, while adjusted Earnings Per Share (EPS) came in at $7.11, beating projections of $6.45.

Adding to the positive sentiment, the company has raised its full-year guidance, boosting shares in Tuesday's trading ahead of the market close.

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This post was written by Angel Smith