UPDATE: Northrop Grumman Posts Drop In Q4 Profit

Northrop Grumman NOC reported a 2.7% drop in its fourth-quarter earnings. Northrop Grumman's quarterly profit fell to $533 million, or $2.14 per share, from $550 million, or $2.09 per share, in the year-ago period. Excluding one-time items, its earnings from continuing operations climbed to $2.06 from $1.85 per share. Its revenue fell 0.5% to $6.48 billion. However, analysts expected earnings of $1.74 per share on revenue of $6.33 billion. Its operating margin widened to 12.7% from 12.3%. Northrop Grumman shares closed at $66.77 yesterday.
Market News and Data brought to you by Benzinga APIs
Comments
Loading...
Date
ticker
name
Actual EPS
EPS Surprise
Actual Rev
Rev Surprise
Posted In: EarningsNewsprofit
Benzinga simplifies the market for smarter investing

Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.

Join Now: Free!