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Stocks making the biggest moves midday: Lockheed Martin, Hasbro, Facebook and more
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cnbc.comIn this article
Check out the companies making headlines in midday trading.
Lockheed Martin — Shares of the defense contractor tumbled 12.5% after it reported a quarterly revenue miss and lowered its expectations for next year. Lockheed anticipates a «slight reduction in revenue in 2022 and roughly flat to low-single-digit growth rates in both revenue and segment operating profit over the next few years, with increasing growth opportunities in the years that follow.»
Raytheon Technologies — The aerospace and defense company's shares slumped 3.3% after Raytheon Technologies' third-quarter revenue came in at $16.21 billion, below the $16.37 billion expected, according to Refinitiv. The company's intelligence & space division showed flat sales
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