Northrop Grumman: Q1 Earnings Snapshot
By AP News
Published - Apr 27, 2023, 06:51 AM ET
Last Updated - Jun 22, 2023, 03:05 AM EDT
FALLS CHURCH, Va. (AP) — FALLS CHURCH, Va. (AP) — Northrop Grumman Corp. (NOC) on Thursday reported first-quarter profit of $842 million.
On a per-share basis, the Falls Church, Virginia-based company said it had net income of $5.50.
The results surpassed Wall Street expectations. The average estimate of seven analysts surveyed by Zacks Investment Research was for earnings of $5.16 per share.
The defense contractor posted revenue of $9.3 billion in the period, also exceeding Street forecasts. Five analysts surveyed by Zacks expected $9.2 billion.
