LMT is trading at $520.85 (-6.23%) in pre-market following first-quarter results that missed analyst estimates and showed a decline in profitability.
- Sales remained flat year-over-year at $18.0 billion, while diluted EPS dropped to $6.44 from $7.28 in the prior-year period.
- Negative free cash flow of $(291) million added significant pressure, despite the company reaffirming its full-year guidance and reporting growth in Missiles and Fire Control.
- The decline extends a downtrend from the previous close of $555.43 on April 22, occurring amid broader market weakness.