Northrop Grumman Ascends: Q2 Earnings Soar as Defense Demand Skyrockets
Portfolio Pulse from Akanksha Bakshi
Northrop Grumman Corp (NYSE:NOC) reported strong Q2 fiscal 2024 results with a 7% year-over-year sales growth to $10.218 billion, beating expectations. EPS also surpassed estimates at $6.36. The company raised its fiscal 2024 outlook, expecting higher sales and EPS. NOC shares rose by 6.06% following the announcement.
July 25, 2024 | 5:25 pm
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Northrop Grumman Corp (NYSE:NOC) reported strong Q2 fiscal 2024 results with a 7% year-over-year sales growth to $10.218 billion, beating expectations. EPS also surpassed estimates at $6.36. The company raised its fiscal 2024 outlook, expecting higher sales and EPS. NOC shares rose by 6.06% following the announcement.
Northrop Grumman's strong Q2 results, including a 7% sales growth and EPS beating estimates, indicate robust performance. The raised fiscal 2024 outlook further boosts investor confidence, leading to a 6.06% rise in share price.
CONFIDENCE 100
IMPORTANCE 90
RELEVANCE 100