Surprisingly Strong Defense Earnings

Today, analysts Brendan Byrnes and Austin Smith discuss Lockheed Martin's surprisingly strong earnings report. The company easily beat expectations and even raised full-year guidance, mainly via slashing costs and increasing margins. But defense cuts could still eat into profits, and investors should track the sequestration process as well.

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Austin Smith and Brendan Byrnes have no positions in the stocks mentioned above. The Motley Fool owns shares of Lockheed Martin. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.

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