Reports Q1 revenue $10.1B, consensus $9.77B. “Northrop Grumman’s first quarter performance includes 9 percent sales and double digit earnings growth, showing we are off to a strong start to the year. We’re also seeing the results of our focus on productivity and cost efficiency to improve operating margin in many of our businesses,” said Kathy Warden, chair, chief executive officer and president. “Robust global defense spending and our strong backlog, along with expanding margins, continue to support our multi-year outlook for free cash flow growth.”
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on NOC:
- M&A News: Boeing (NYSE:BA) Falls as Spirit AeroSystems Buyout Faces Hurdles
- Boeing, Spirit not close to merger completion, Bloomberg reports
- Is NOC a Buy, Before Earnings?
- Northrop Grumman awarded $167.11M Navy contract modification
- Northrop Grumman upgraded to Overweight from Neutral at Alembic Global
