trending Market Intelligence /marketintelligence/en/news-insights/trending/QbREELltpQVU7cU56kc4LQ2 content esgSubNav
In This List

Northrop Grumman Q3 profit drops 25% YOY

Blog

Tudor, Pickering, Holt & Co. Research Now Available

Case Study

A University Adds Aftermarket Research to Its Student Toolkit

Blog

Christopher & Banks Corporation – tracking the early-warning signals of credit risk

Podcast

Next in Tech | Episode 83: (Re)Building the Digital Workplace


Northrop Grumman Q3 profit drops 25% YOY

Northrop Grumman Corp. reported third-quarter net earnings of $933 million, a decline of 25.0% from $1.24 billion in the year-earlier period.

EPS came in at $5.49, down 22.8% year over year from $7.11 but exceeding the S&P Global Market Intelligence consensus GAAP EPS estimate of $4.79.

Sales climbed on an annual basis to $8.48 billion from $8.09 billion.

Northrop Grumman expects adjusted EPS in the range of $20.10 to $20.35 for full-year 2019, an increase from its previous guidance range of $19.30 to $19.55.

The company also expects full-year 2019 free cash flow in the range of $2.70 billion to $3.00 billion, compared with a prior forecast range of $2.60 billion to $3.00 billion.

Free cash flow in the third quarter was $882 million, up from $530 million a year ago.