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SAP is set to report earnings with analysts estimating $8.56B to $8.78B in revenue and $1.11 to $1.18 in earnings per share. Cadence Design Systems misses revenue and EPS estimates, while RTX beats estimates on military demand. Lockheed Martin beats profit estimates on strong demand.
U.S. weapons maker Lockheed Martin, $LMT, has reported a near 14% rise in first-quarter sales, as simmering geopolitical tensions prompt some countries to boost their defense spending, driving demand for new weapons, per Reuters.
Lockheed Martin beats Q1 profit estimates on strong demand https://t.co/mjhEge0vM9 https://t.co/lcr6n83u4v
Lockheed Martin Corporation double beat. CEO: "Q1 24 sales increased significantly YoY & we generated robust free cash flow of nearly $1.3B while taking assertive actions to further strengthen production capacity" $LMT https://t.co/f2cupQeJ0p