Lockheed Martin (NYSE: LMT) reported big earnings beats on both the top and bottom lines in its earnings report last week -- not that you would guess it from the stock price. The company beat sales predictions by 7.5% and earnings estimates by 10%, yet Lockheed stock ended the week below where it began.

The company reported revenue of $17.2 billion, and earnings of $6.33 per share, compared to the consensus estimate of $16.1 billion and $5.80, respectively.

U.S. weapons maker Lockheed Martin beat Wall Street expectations for first-quarter sales and profit on Tuesday, as simmering geopolitical tensions prompted some countries to boost their defense spending,