Northrop Grumman Q2 EPS $5.34 Vs $6.06 Prior Year, Sales $9.58B Beat $9.35B Estimate
Portfolio Pulse from Benzinga Newsdesk
Northrop Grumman reported Q2 earnings of $5.34 per share, a decrease of 11.88% from the same period last year. However, the company's quarterly sales of $9.58 billion beat the analyst consensus estimate of $9.35 billion by 2.42%, marking an 8.81% increase from last year.
July 27, 2023 | 10:36 am
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Northrop Grumman's Q2 earnings per share decreased by 11.88% YoY, but sales beat estimates by 2.42%.
While Northrop Grumman's earnings per share decreased compared to last year, the company's sales exceeded analyst estimates. This mixed result could lead to neutral short-term price movement.
CONFIDENCE 90
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