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Northrop (NOC) Q1 Earnings Beat Estimates, Sales Rise Y/Y
NOCNorthrop Grumman(NOC) Zacks Investment Research·2024-04-25 15:26

Northrop Grumman Corporation (NOC) reported first-quarter 2024 earnings of 6.32pershare,whichbeattheZacksConsensusEstimateof6.32 per share, which beat the Zacks Consensus Estimate of 5.83 by 8.4%. The bottom line increased 15% from 5.50recordedintheyear−agoquarter.Theyear−over−yearimprovementcanbeattributedtoanincreaseinoperatingincome,aswellasanincreaseinthenon−operatingFASpensionbenefit.TotalSalesNOC’stotalsalesof5.50 recorded in the year-ago quarter.The year-over-year improvement can be attributed to an increase in operating income, as well as an increase in the non-operating FAS pension benefit.Total SalesNOC’s total sales of 10.13 billion beat the Zacks Consensus Estimate of $9.78 billion by 3.6%. The top line also increased 8.9% ...