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Northrop Grumman Earnings Beat, Revenue Misses In Q1 -Breaking

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© Reuters.Northrop-Grumman Earnings Beat, Revenue Misses In Q1

Investing.com – Northrop Grumman (NYSE: ) announced Thursday that the first quarter ended with revenue and forecasts that were higher than expected.

Northrop Grumman reported earnings per share at $6.1 on $8.8B in revenue. Investing.com polled analysts and predicted EPS at $5.96 for revenue of $8.89B.

Northrop Grumman shares have increased 13% since the start of the year. However, they are still 10.40% below their 52-week high of $490.82 on March 7. They are outperforming the S&P 500 which is down 12.22% from the start of the year.

Northrop Grumman is following other significant Industrials sector earnings in this month

Northrop Grumman reported Tuesday’s earnings beat by United Parcel Service, which reported EPS $3.05 on $24.38B in revenue, against forecasts for EPS $2.89 on $23.82B.

Union Pacific beat all expectations with a first quarter earnings per share of $2.57 on $5.86B in revenue, as compared to the forecast of EPS at $2.56 for $5.71B.

Keep up to date with all the earnings reports coming soon by visiting Investing.com’s earnings calendar

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