Northrop Grumman Q4 Results Top Estimates; Initiates FY23 Outlook

RTTNews | il y a 824
Northrop Grumman Q4 Results Top Estimates; Initiates FY23 Outlook

(RTTNews) - While reporting financial results for the fourth quarter on Thursday, Northrop Grumman Corp. (NOC) initiated its adjusted earnings and sales guidance for the full year 2023.

For fiscal 2023, the company now projects transaction-adjusted earnings in a range of $21.85 to $22.45 per share on sales between $38.00 billion and $38.40 billion.

On average, 22 analysts polled by Thomson Reuters expect the company to report earnings of $22.30 per share on revenues of $37.86 billion for the year. Analysts' estimates typically exclude special items.

For the fourth quarter, the company reported net earnings of $2.08 billion or $13.46 per share, sharply higher than $2.71 billion or $17.14 per share in the prior-year quarter.

Excluding items, transaction-adjusted net earnings per share were $7.50, compared to last year's $6.00.

Total sales for the quarter grew 16 percent to $10.03 billion from $8.64 billion in the same quarter last year, due to higher sales volume at all four sectors.

The Street was looking for earnings of $6.57 per share on revenues of $9.66 billion for the quarter.

For more earnings news, earnings calendar, and earnings for stocks, visit rttnews.com

read more
Northrop Grumman Q2 Results Miss Estimates; Affirms FY22 Outlook

Northrop Grumman Q2 Results Miss Estimates; Affirms FY22 Outlook

While reporting financial results for the second quarter on Thursday, Northrop Grumman Corp. (NOC) affirmed its adjusted earnings and sales guidance for the full year 2022 as the tight labor market that has impacted growth in the first half has begun to ease in the second half of the year.
RTTNews | il y a 1006
Australian Market Trims Early Gains In Mid-market

Australian Market Trims Early Gains In Mid-market

The Australian stock market is trimming its early gains in mid-market moves on Wednesday, adding to the gains in the previous four sessions, with the benchmark S&P/ASX 200 moving up to near the 8,100 level, following the broadly positive cues from Wall Street overnight, with gains financial and technology stocks partially offset by weakness in energy stocks.
RTTNews | il y a 32 minutes
Asian Markets Trade Mixed

Asian Markets Trade Mixed

Asian stock markets are trading mixed on Wednesday, following the broadly positive cues from Wall Street overnight, amid the ongoing uncertainty about the tariff war and fears of a global economic slowdown. There are also some positive developments on the trade front, with US Commerce Secretary Howard Lutnick telling CNBC the Trump administration has reached its first trade deal.
RTTNews | il y a 1h 0min
Sensex, Nifty Likely To Open On Cautious Note

Sensex, Nifty Likely To Open On Cautious Note

Indian shares may open on a cautious note Wednesday after a slew of U.S. companies suspended or tweaked their full year guidance and Samsung Electronics flagged macroeconomic uncertainties due to trade tensions and a slowdown in global growth.
RTTNews | il y a 1h 24min
Thai Stock Market May Extend Winning Streak

Thai Stock Market May Extend Winning Streak

The Thai stock market has moved higher in three straight sessions, gathering almost 25 points or 2 percent along the way. The Stock Exchange of Thailand now sits just above the 1,170-point plateau and it may tick higher again on Wednesday.
RTTNews | il y a 2h 0min
Additional Support Expected For Indonesia Stock Market

Additional Support Expected For Indonesia Stock Market

The Indonesia stock market has moved higher in three straight sessions, advancing almost 140 points or 2.2 percent along the way. The Jakarta Composite Index now rests just beneath the 6,750-point plateau and it may extend its gains again on Wednesday.
RTTNews | il y a 2h 30min
Japanese Market Slightly Higher

Japanese Market Slightly Higher

The Japanese stock market is trading slightly higher on Wednesday, extending the gains in the previous four sessions, following the broadly positive cues from Wall Street overnight. The Nikkei 225 is moving up to near the 35,900 level, with gains in exporters and financial stocks partially offset by weakness in automakers and technology stocks.
RTTNews | il y a 2h 34min