5 Stocks Making Big Moves on Quarterly Results

In this article, we discuss the 5 stocks making big moves on quarterly results. If you want to read our detailed analysis of these companies, go directly to the 10 Stocks Making Big Moves on Quarterly Results.

5. Lockheed Martin Corporation (NYSE:LMT)

Number of Hedge Fund Holders: 51

Shares of Lockheed Martin Corporation (NYSE:LMT) jumped to a nearly seven-month high on Tuesday, January 25, 2022, after announcing better-than-expected financial results for the fourth quarter.

Lockheed Martin Corporation (NYSE:LMT) reported earnings of $7.47 per share, up from $6.38 per share in the year-ago quarter. Revenue for the quarter rose 4.1 percent on a year-over-year basis to $17.73 billion. The results easily surpassed the consensus estimate of $7.16 per share for earnings and $17.66 billion for revenue.

Looking forward, Lockheed Martin Corporation (NYSE:LMT) expects earnings of around $26.70 per share for 2022, above expectations of $26.56 per share. The company also reaffirmed its sales outlook of about $66 billion for the full year.

Speaking on the results, CEO of Lockheed Martin Corporation (NYSE:LMT), James Taiclet, said in a statement:

“We delivered significant value back to shareholders in 2021, including $7 billion in dividends and share repurchases, and our team continued to provide world-class support to our customers despite the ongoing challenges of the global pandemic.”