Northrop Grumman Q2 2024 GAAP EPS $6.36 Beats $5.92 Estimate, Sales $10.218B Beat $10.018B Estimate
Portfolio Pulse from Benzinga Newsdesk
Northrop Grumman (NYSE:NOC) reported Q2 2024 earnings per share (EPS) of $6.36, surpassing the analyst estimate of $5.92. The company's sales reached $10.218 billion, exceeding the $10.018 billion estimate and marking a 6.70% increase from the same period last year.
July 25, 2024 | 10:46 am
News sentiment analysis
Sort by:
Ascending
POSITIVE IMPACT
Northrop Grumman's Q2 2024 earnings and sales both exceeded analyst expectations, with EPS at $6.36 beating the $5.92 estimate and sales at $10.218 billion surpassing the $10.018 billion estimate. This positive performance is likely to boost investor confidence and drive the stock price up in the short term.
The company's strong financial performance, with both EPS and sales exceeding expectations, is a positive indicator for investors. The 6.70% year-over-year increase in sales further underscores the company's growth, likely leading to a short-term increase in stock price.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100