Northrop Grumman’s stock hits 6-month high on earnings beat

seekingalpha04-26

Northrop Grumman (NYSE:NOC) on Thursday rose as much 3.3% to a six-month high after the aerospace and defense company reported better-than-expected sales for the first three months of the year. ...

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Earnings were $944 million, or $6.32 a share, in the first quarter, compared with $842 million, or $5.50 a share, a year earlier. Analysts on average forecast $5.77 a share. Sales jumped 9% from a year earlier to $10.13 billion, beating the consensus estimate of $9.76 billion. Aeronautics systems led sales growth among its four business units. \"Robust global defense spending and our strong backlog, along with expanding margins, continue to support our multi-year outlook for free cash flow growth,\" Kathy Warden, chief executive officer of Northrop , said in a statement.   More on Northrop Grumman  Northrop Grumman Corporation.  Q1 2024 Earnings Call Transcript Northrop Grumman Corporation 2024 Q1 - Results - Earnings Call Presentation Northrop Grumman May Take The Year Off To Navigate Headwinds What to ex","collect":0,"end_time":0,"defaultTopTitle":"seekingalpha.com","property":["earning"],"viewcount":null,"language":"en","relate_stocks":{"NOC":"诺斯罗普格鲁曼"},"translate_title":"诺斯罗普·格鲁曼公司股价创6个月新高","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"NOC":1},"content_text":"Northrop Grumman (NYSE:NOC) on Thursday rose as much 3.3% to a six-month high after the aerospace and defense company reported better-than-expected sales for the first three months of the year.  Earnings were $944 million, or $6.32 a share, in the first quarter, compared with $842 million, or $5.50 a share, a year earlier. Analysts on average forecast $5.77 a share. Sales jumped 9% from a year earlier to $10.13 billion, beating the consensus estimate of $9.76 billion. Aeronautics systems led sales growth among its four business units. \"Robust global defense spending and our strong backlog, along with expanding margins, continue to support our multi-year outlook for free cash flow growth,\" Kathy Warden, chief executive officer of Northrop (NOC), said in a statement.   More on Northrop Grumman  Northrop Grumman Corporation. (NOC) Q1 2024 Earnings Call Transcript Northrop Grumman Corporation 2024 Q1 - Results - Earnings Call Presentation Northrop Grumman May Take The Year Off To Navigate Headwinds What to expect from Northrop Grumman's Q1 earnings? 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