Categories AlphaGraphs, Earnings, LATEST

Northrop Grumman (NYSE: NOC): Q3 2019 Earnings Snapshot

– Aerospace company Northrop Grumman Corporation (NYSE: NOC) reported earnings of $5.49 per share for the third quarter of 2019, vs $4.77 per share expected

– Net income was $933 million, compared to $1.24 billion in the same period of last year

– There was a 5% increase in net sales to $8.5 billion, vs. $8.57 billion expected; net awards came in at $10.1 billion

— Aerospace Systems sales rose 5% and Innovation Systems sales up 12%

– Expects full-year sales of approximately $34 billion; sees MTM-adjusted earnings per share of $20.10 to $20.35 for 2019

— Full-year free cash flow guidance updated to the range of $2.7 billion to $3.0 billion

– Northrop shares gained 41% so far this year; closed the last session higher

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