Northrop Grumman Q1 2024 GAAP EPS $6.32 Beats $5.74 Estimate, Sales $10.133B Beat $9.771B Estimate
Portfolio Pulse from Mohit Manghnani
Northrop Grumman (NOC) reported Q1 2024 earnings of $6.32 per share, surpassing the $5.74 estimate, and sales of $10.133B, exceeding the $9.771B forecast. This represents a 14.91% increase in earnings and an 8.95% increase in sales from the same period last year.

April 25, 2024 | 10:49 am
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Northrop Grumman reported a significant beat on both earnings and sales estimates for Q1 2024, with earnings per share at $6.32 and sales at $10.133B.
The substantial beat on both earnings per share and sales estimates for Northrop Grumman in Q1 2024 indicates strong financial performance and operational efficiency. This outperformance, especially in a competitive defense sector, is likely to instill investor confidence and could lead to a positive short-term impact on the stock price. The reported growth over the previous year's figures further solidifies this outlook.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100