FALLS CHURCH, Va. (AP) — FALLS CHURCH, Va. (AP) — Northrop Grumman Corp. (NOC) on Tuesday reported second-quarter earnings of $1.17 billion.
On a per-share basis, the Falls Church, Virginia-based company said it had profit of $8.15. Earnings, adjusted for non-recurring gains, came to $7.11 per share.
The results beat Wall Street expectations. The average estimate of nine analysts surveyed by Zacks Investment Research was for earnings of $6.71 per share.
The defense contractor posted revenue of $10.35 billion in the period, also beating Street forecasts. Seven analysts surveyed by Zacks expected $10.06 billion.
Northrop Grumman expects full-year earnings in the range of $25 to $25.40 per share, with revenue in the range of $42.05 billion to $42.25 billion.
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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on NOC at https://www.zacks.com/ap/NOC
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