Investing.com - Northrop Grumman (NYSE:NOC) reported on Wednesday first quarter earnings that missed analysts' forecasts and revenue that topped expectations.
Northrop Grumman announced earnings per share of $5.48 on revenue of $8.62B. Analysts polled by Investing.com anticipated EPS of $5.51 on revenue of $8.57B. That with comparison to EPS of $5.06 on revenue of $8.19B in the same period a year before. Northrop Grumman had reported EPS of $5.61 on revenue of $8.72B in the previous quarter. Analysts are expecting EPS of $5.69 and revenue of $8.84B in the upcoming quarter.
Northrop Grumman shares are down 0% from the beginning of the year , still down 10.51% from its 52 week high of $385.00 set on January 30. They are outperforming the S&P 500 which is down 11.75% year to date.
Northrop Grumman follows other major Technology sector earnings this month
Northrop Grumman's report follows an earnings missed by Alphabet C on Tuesday, who reported EPS of $9.87 on revenue of $41.16B, compared to forecasts EPS of $10.26 on revenue of $40.99B.
Alphabet A had missed expectations on Tuesday with first quarter EPS of $9.87 on revenue of $41.16B, compared to forecast for EPS of $10.71 on revenue of $40.99B.
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