Northrop Grumman: Q2 Earnings Snapshot

FALLS CHURCH, Va. (AP) _ Northrop Grumman Corp. (NOC) on Thursday reported second-quarter net income of $946 million.

On a per-share basis, the Falls Church, Virginia-based company said it had net income of $6.06.

The results exceeded Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of $6.03 per share.

The defense contractor posted revenue of $8.8 billion in the period, which did not meet Street forecasts....

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FALLS CHURCH, Va. (AP) _ Northrop Grumman Corp. (NOC) on Thursday reported second-quarter net income of $946 million.

On a per-share basis, the Falls Church, Virginia-based company said it had net income of $6.06.

The results exceeded Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of $6.03 per share.

The defense contractor posted revenue of $8.8 billion in the period, which did not meet Street forecasts. Four analysts surveyed by Zacks expected $9.12 billion.

Northrop Grumman expects full-year earnings in the range of $24.50 to $25.10 per share, with revenue in the range of $36.2 billion to $36.6 billion.

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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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