Northrop Grumman Earnings Beat, Revenue Misses In Q1
2022.04.28 14:14
Northrop Grumman Earnings Beat, Revenue Misses In Q1
Investing.com – Northrop Grumman (NYSE:NOC) reported on Thursday first quarter earnings that beat analysts’ forecasts and revenue that fell short of expectations.
Northrop Grumman announced earnings per share of $6.1 on revenue of $8.8B. Analysts polled by Investing.com anticipated EPS of $5.96 on revenue of $8.89B.
Northrop Grumman shares are up 13% from the beginning of the year, still down 10.40% from its 52 week high of $490.82 set on March 7. They are outperforming the S&P 500 which is down 12.22% from the start of the year.
Northrop Grumman follows other major Industrials sector earnings this month
Northrop Grumman’s report follows an earnings beat by United Parcel Service on Tuesday, who reported EPS of $3.05 on revenue of $24.38B, compared to forecasts EPS of $2.89 on revenue of $23.82B.
Union Pacific had beat expectations on April 21 with first quarter EPS of $2.57 on revenue of $5.86B, compared to forecast for EPS of $2.56 on revenue of $5.71B.
Stay up-to-date on all of the upcoming earnings reports by visiting Investing.com’s earnings calendar
