Results for: Guidance Raised

Lockheed Martin Corporation reported strong first quarter financial results, surpassing analyst estimates and raising its full-year guidance. The defense contractor posted earnings per share (EPS) of $6.39, exceeding the consensus estimate by $0.59. Revenue came in at $17.2 billion, beating the $16.02 billion forecast. Looking ahead, Lockheed Martin expects EPS in fiscal year 2024 to range between $25.65 and $26.00, which is slightly above the analyst consensus of $26.03.

Novartis has raised its full-year guidance after reporting a beat on both profit and sales in the first quarter. The company’s non-GAAP EPS of $1.80 beat consensus expectations by $0.12, while revenue of $11.83 billion beat by $330 million.