Northrop Grumman Corporation (NYSE:NOC) reported stronger-than-expected second-quarter results on Tuesday, beating Wall Street estimates for both earnings and revenue while increasing its full-year financial guidance.
Despite the upbeat report, shares fell 1.5% following the announcement.
Adjusted earnings came in at $7.68 per share, well above the ****** yst consensus estimate of $6.82. Revenue rose 5% year over year to $10.9 billion, exceeding expectations of $10.8 billion.
Northrop Grumman increased its 2026 sales outlook, forecasting revenue of between $43.75 billion and $44.25 billion, an increase of $250 million from its previous guidance. The midpoint of $44.0 billion is slightly above the ****** yst consensus estimate of $43.99 billion.
The company also raised its MTM-adjusted earnings per share guidance to a range of $28.60 to $29.10, an increase of $1.20 from its previous forecast.
#adjusted #Share #above
Despite the upbeat report, shares fell 1.5% following the announcement.
Adjusted earnings came in at $7.68 per share, well above the ****** yst consensus estimate of $6.82. Revenue rose 5% year over year to $10.9 billion, exceeding expectations of $10.8 billion.
Northrop Grumman increased its 2026 sales outlook, forecasting revenue of between $43.75 billion and $44.25 billion, an increase of $250 million from its previous guidance. The midpoint of $44.0 billion is slightly above the ****** yst consensus estimate of $43.99 billion.
The company also raised its MTM-adjusted earnings per share guidance to a range of $28.60 to $29.10, an increase of $1.20 from its previous forecast.
#adjusted #Share #above
3 months ago
