Measuring 4 Stock Earnings Reports Now

Lockheed Martin Corporation (NYSE:LMT) delivered a profit and missed Wall Street’s expectations, BUT beat the revenue expectation. Net income decreased -16.69% to $569 million ($1.73 per diluted share) in the quarter versus a net gain of $683 million in the year-earlier quarter. Revenue decreased 0.91% to $12.1 billion from the year-earlier quarter.

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Lockheed Martin Corporation reported adjusted net income of $1.73 per share. By that measure, the company missed the mean analyst estimate of $1.82. It beat the average revenue estimate of $11.16 billion.

LMT

3M Co. (NYSE:MMM) generated a profit and met Wall Street’s expectations, AND beat the revenue expectation. Net income increased 3.88% to $991 million ($1.41 per diluted share) in the quarter versus a net gain of $954 million in the year-earlier quarter. Revenue rose 4.25% to $7.39 billion from the year-earlier quarter.

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3M Co. reported adjusted net income of $1.41 per share. By that measure, the company met the mean analyst estimate of $1.41. It beat the average revenue estimate of $7.18 billion.

MMM

W.W. Grainger, Inc. (NYSE:GWW) delivered a profit and missed Wall Street’s expectations, AND came up short on beating the revenue expectation. Net income increased 5.27% to $156.3 million ($2.17 per diluted share) in the quarter versus a net gain of $148.48 million in the year-earlier quarter. Revenue rose 7.37% to $2.23 billion from the year-earlier quarter.

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W.W. Grainger, Inc. reported adjusted net income of $2.42 per share. By that measure, the company missed the mean analyst estimate of $2.61. It missed the average revenue estimate of $2.24 billion.

GWW

Dover Corp. (NYSE:DOV) delivered a profit and beat Wall Street’s expectations, AND beat the revenue expectation. Net income decreased -42.54% to $159.9 million (90 cents per diluted share) in the quarter versus a net gain of $278.29 million in the year-earlier quarter. Revenue rose 9.97% to $2.01 billion from the year-earlier quarter.

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Dover Corp. reported adjusted net income of $1.09 per share. By that measure, the company beat the mean analyst estimate of $1.07. It beat the average revenue estimate of $2 billion.

DOV

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