Northrop Grumman Tops Q3 Estimates with $1.12 Billion Profit, Raises Full-Year Guidance

Northrop Grumman Corp. (NOC) reported third-quarter net income of $1.12 billion, or $7.89 per share, on Tuesday, beating the $7.22 per share average estimate of six analysts surveyed by Zacks Investment Research. The Falls Church, Virginia-based defense contractor posted revenue of $11.12 billion, also exceeding Street forecasts of $11.06 billion from five analysts surveyed by Zacks. The company guided full-year earnings to a range of $29.35 to $29.75 per share, with revenue projected between $43.75 billion and $44.25 billion.