Northrop's (NOC) Q4 Earnings Beat Estimates, Sales Up Y/Y

Northrop Grumman Corporation (NOC) reported fourth-quarter 2023 adjusted earnings of $6.27 per share, which beat the Zacks Consensus Estimate of$5.75 by 9%. However, the bottom line decreased from $7.50 per share recorded in the year-ago quarter.The company incurred a GAAP loss of$3.54 per share, which deteriorated from earnings of $13.46 generated in the fourth quarter of 2022.Northrop Grumman reported 2023 adjusted earnings of$23.29 per share, which surpassed the Zacks Consensus Estimate of $22.76 by 2 ...