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Lockheed Martin (#LMT) reported Q1 earnings and shares traded sideways after the report. The defense company announced GAAP EPS of $6.56 (beats by $0.24) and revenue of $16.3B (+4.2%).
It was interesting to see shares trade flat after the company raised net sales guidance up to $67.3B-68.7B from prior guidance of $67.1B-$68.5B. Shares of LMT are up 10% since LMT are up 10% over the past month, so should investors buy, hold, or sell since earnings have been released?
***Disclaimer: I am a holder of LMT shares****