Northrop Grumman Q4 Sales $10.64B Beat $10.44B Estimate
Portfolio Pulse from Benzinga Newsdesk
Northrop Grumman (NYSE:NOC) reported Q4 sales of $10.64B, surpassing the analyst consensus estimate of $10.44B by 1.90% and marking a 6.03% increase from $10.03B in the same period last year.
January 25, 2024 | 11:52 am
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Northrop Grumman reported higher-than-expected Q4 sales of $10.64B, a 1.90% beat on estimates and a 6.03% increase year-over-year.
Beating sales estimates typically generates positive sentiment among investors, potentially leading to a short-term increase in stock price. The 6.03% year-over-year growth further reinforces the company's financial strength and may contribute to a bullish outlook for the stock.
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