What's Going On With Northrop Grumman Stock

Northrop Grumman Corporation NOC shares are trading higher by 6.69% to $506.86 Tuesday afternoon in sympathy with Lockheed Martin Corp LMT, which reported better-than-expected third-quarter EPS results.

What Happened?

Lockheed Martin reported a third-quarter FY22 net sales growth of 3.5% year-over-year to $16.58 billion, slightly missing the consensus of $16.64 billion. Adjusted EPS declined to $6.71, beating the consensus of $6.68.

Lockheed Martin announced an additional $14 billion share repurchase. The company also increased the quarterly dividend rate by 7% to $3.00 per share...Read More

See Also: As China Weakness, PC Market Downturn Take Toll On Semiconductor Sector Ahead Of Q3 Results, Analyst Recommends These Chip Stocks

According to data from Benzinga Pro, Northrop Grumman has a 52-week high of $515.49 and a 52-week low of $345.90.

Market News and Data brought to you by Benzinga APIs
Actual EPS
EPS Surprise
Actual Rev
Rev Surprise
Posted In: EarningsNewsMoversTrading Ideaswhy it's moving
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!