Northrop Grumman Raises FY24 Sales Guidance From $40.8B-$41.2B To $41.0B-$41.4B vs $41.14B Est., Raises FY24 MTM-Adjusted EPS Guidance From $24.45-$24.85 To $24.90-$25.30
Portfolio Pulse from Benzinga Newsdesk
Northrop Grumman has raised its FY24 sales guidance from $40.8B-$41.2B to $41.0B-$41.4B, surpassing the $41.14B estimate. Additionally, the company has increased its FY24 MTM-adjusted EPS guidance from $24.45-$24.85 to $24.90-$25.30.
July 25, 2024 | 10:48 am
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POSITIVE IMPACT
Northrop Grumman has raised its FY24 sales and MTM-adjusted EPS guidance, surpassing market estimates. This positive revision indicates strong business performance and could boost investor confidence.
The upward revision in both sales and EPS guidance suggests that Northrop Grumman is performing better than previously expected. This is likely to positively impact the stock price as it reflects strong business fundamentals and improved financial outlook.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100