Lockheed Martin Stock Sinks
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The company also lowered its full-year 2025 operating profit forecast by $1.5 billion, or 18%, now projecting $6.65 billion
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Stocktwits on MSNLockheed Downgraded: Truist Flags Stormy Skies For Defense Giant After Q2 ShockLockheed Martin (LMT) stock was downgraded by Truist Securities to ‘Hold’ from ‘Buy’ after the company’s second-quarter earnings estimates plunged due to one-time charges totaling $1.8 billion. According to TheFly,
Results: The defence equipment maker's net profit tanked 80%, while revenue dropped to $18.16 billion, compared with an average expectation of $18.57 billion.