Lockheed Martin (LMT) - Get Lockheed Martin Corporation (LMT) Report shares closed trading down 2.2% on heavy volume Tuesday after the company reported revenue short of analyst expectations despite increasing its top line results 6.6% year over year. The company reported revenue of $11.06 billion, missing analysts' $11.23 billion expectations for the period.
The company also earned $3 per share, topping Wall Street forecasts of $2.79 per share. However, Lockheed trimmed its full year earnings outlook to between $12.15 per share and $12.45 per share from its previous view between $12.25 per share and $12.55 per share.
Wall Street is expecting the company to report earnings of $12.64 per share.
Editor's note: story has been updated since 12:15 pm EST