What's Going On With Lockheed Martin Stock Today?

Lockheed Martin Corp LMT shares are trading higher Tuesday after the company reported fourth-quarterfinancial results that topped average analyst estimates.

Q4 Results: Lockheed Martin reported fourth-quarter revenue of $19 billion, which beat average analyst estimates of $18.27 billion, according toBenzinga Pro. The company reported quarterly adjusted earnings of $7.79 per share, which beat estimates of $7.39 per share.

"Lockheed Martin's stronger than expected finish to the year demonstrated the company's reliability and resiliency to meet commitments in challenging environments,"saidJamesTaiclet, chairman, president and CEO of Lockheed Martin.

"As we track toward our objective of growth resumption in 2024, we will continue to execute our dynamic and disciplined capital allocation program, by reinvesting in our business and pursuing growth opportunities, and returning capital to shareholders."