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Shares of Northrop Grumman (NYSE:NOC) rose 0.2% in pre-market trading after the company reported Q2 results.
Quarterly Results
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Earnings per share rose 18.77% year over year to $6.01, which beat the estimate of $5.32.
Revenue of $8,884,000,000 up by 5.06% year over year, which beat the estimate of $8,630,000,000.
Looking Ahead
The upcoming fiscal year's EPS expected to be between $22.00 and $22.40.
The upcoming fiscal year's revenue expected to be between $35,300,000,000 and $35,600,000,000.
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Recent Stock Performance
52-week high: $385.00
52-week low: $263.31
Price action over last quarter: down 4.66%
Company Profile
Northrop Grumman is a defense contractor that is diversified across short-cycle and long-cycle businesses. The firm's segments include aeronautics, mission systems, defense services, and space systems. The company's aerospace segment creates the fuselage for the massive F-35 program and produces various piloted and autonomous flight systems. Mission systems creates a variety of sensors and processors for defense hardware. The defense systems segment is a mix between a long-range missile manufacturer and a defense IT service provider. Finally, the company's space systems segment produces various space structures, sensors, and satellites.
Crypto Whales Are Loading Up — Are You?
New research shows the biggest crypto buyers are back. And this time? They could hold for the possibility that Bitcoin will surpass $100,000 in 2024. You don’t want to miss the next massive crypto bull run like we saw in 2020 and 2021. To know exactly what’s going on and what to buy… Get Access To Benzinga’s Best Crypto Research and Investments For Only $1.