Northrop Grumman: 2Q Earnings Snapshot

FALLS CHURCH, Va. (AP) _ Northrop Grumman Corp. (NOC) on Wednesday reported second-quarter profit of $861 million.

The Falls Church, Virginia-based company said it had net income of $5.06 per share.

The results surpassed Wall Street expectations. The average estimate of seven analysts surveyed by Zacks Investment Research was for earnings of $4.64 per share.

The defense contractor posted revenue of $8.46 billion in the period, which also topped Street forecasts. Four analysts surveyed by Zacks expected $8.4 billion.

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Northrop Grumman expects full-year revenue of $34 billion.

Northrop Grumman shares have climbed 32% since the beginning of the year, while the Standard & Poor’s 500 index has climbed 20%. The stock has increased slightly more than 2% in the last 12 months.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on NOC at https://www.zacks.com/ap/NOC

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