Just caught Lockheed Martin's Q4 numbers and they came in light. LMT posted $5.8 per share when analysts were looking for $6.24, so that's a pretty solid miss right there. Revenue did okay at $20.32B, actually beat expectations by a bit, but the earnings shortfall is what's got people talking. Year-over-year they were at $7.67 per share, so we're seeing some real pressure on the bottom line. What's interesting is LMT has been an absolute beast for shareholders this year - up like 23.5% since January while the broader market is barely up 2%. That's a huge outperformance. But here's the thing - after a miss like this, the real question is what management says on the call and where they're guiding next. Current expectations are $7.13 for next quarter and $29.55 for the full year. Analysts have it rated as a hold right now, which makes sense. The aerospace and defense sector is still in the top tier of industries though, so there's tailwind there. Curious to see if this earnings stumble is just a blip or if we're seeing some cracks forming.

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