Northrop Grumman: Q4 Earnings Snapshot
By AP News
Published - Jan 25, 2024, 07:24 AM ET
Last Updated - Jan 25, 2024, 07:24 AM EST
FALLS CHURCH, Va. (AP) — FALLS CHURCH, Va. (AP) — Northrop Grumman Corp. (NOC) on Thursday reported a loss of $535 million in its fourth quarter.
The Falls Church, Virginia-based company said it had a loss of $3.54 per share. Earnings, adjusted for non-recurring costs, came to $6.27 per share.
The results topped Wall Street expectations. The average estimate of eight analysts surveyed by Zacks Investment Research was for earnings of $5.75 per share.
The defense contractor posted revenue of $10.64 billion in the period, which also topped Street forecasts. Five analysts surveyed by Zacks expected $10.44 billion.
