Northrop Grumman Q4 Results Top Estimates; Initiates FY23 Outlook

RTTNews | 1026天前
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 | 1208天前
Australian Market Extends Early Sharp Losses In Mid-market

Australian Market Extends Early Sharp Losses In Mid-market

The Australian stock market is extending its early sharp losses in mid-market trading on Tuesday, reversing the slight gains in the previous session, following the broadly negative cues from Wall Street overnight. The benchmark S&P/ASX 200 is falling to near 8,500 level, with weakness across most sectors led by mining and technology stocks.
RTTNews | 1小時11分鐘前
Asian Markets A Sea Of Red

Asian Markets A Sea Of Red

Asian stock markets are a sea of red on Tuesday, following the broadly negative cues from Wall Street overnight, amid ongoing concerns about the market valuation, especially among technology shares, and the diminishing prospects of an interest rate cut by the US Fed next month. The US dollar also strengthened against major currencies in the region. Asian markets closed mixed on Monday.
RTTNews | 1小時35分鐘前
Thai Shares May Head South Again On Tuesday

Thai Shares May Head South Again On Tuesday

The Thai stock market has finished higher in two of three trading days since the end of the two-day slide in which it had given up more than 20 points or 1.6 percent. The Stock Exchange of Thailand now sits just above the 1,280-point plateau although it may hand back those gains on Tuesday.
RTTNews | 2小時48分鐘前
Renewed Consolidation Expected For Indonesia Shares

Renewed Consolidation Expected For Indonesia Shares

The Indonesia stock market on Monday ended the two-day slide in which it had slipped almost 20 points or 0.3 percent. The Jakarta Composite Index now sits just above the 8,410-point plateau although it's expected to open under water again on Tuesday.
RTTNews | 3小時18分鐘前
Japanese Market Sharply Lower; Down 2%

Japanese Market Sharply Lower; Down 2%

The Japanese stock market is trading sharply lower on Tuesday, extending the losses in the previous two sessions, following the broadly negative cues from Wall Street overnight. The Nikkei 225 is tumbling more than 2 percent to well below the 49,200 level, with weakness across all sectors led by exporters and technology stocks.
RTTNews | 3小時24分鐘前