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Northrop Grumman's Q2 Earnings, Sales Rise; Lifts 2024 Outlook
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Northrop Grumman's Q2 Earnings, Sales Rise; Lifts 2024 Outlook
Jul 25, 2024 4:56 AM

07:20 AM EDT, 07/25/2024 (MT Newswires) -- Northrop Grumman ( NOC ) reported Q2 earnings Thursday of $6.36 per diluted share, up from $5.34 a year earlier.

Analysts polled by Capital IQ expected $5.91.

Sales for the quarter ended June 30 were $10.22 billion, up from $9.58 billion a year earlier.

Analysts polled by Capital IQ expected $10.02 billion.

For 2024, the defense contractor raised its adjusted EPS outlook to $24.90 to $25.30, compared with the prior outlook of $24.45 to $24.85. Analysts polled by Capital IQ expect $24.75.

Sales for the year are estimated to be $41 billion to $41.4 billion, compared with the prior outlook of $40.8 billion to $41.2 billion. Analysts polled by Capital IQ expect $41.12 billion.

Price: 448.00, Change: +5.88, Percent Change: +1.33

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