Northrop Grumman Q3 2024 GAAP EPS $7.00 Beats $6.08 Estimate, Sales $9.996B Miss $10.181B Estimate
Portfolio Pulse from Benzinga Newsdesk
Northrop Grumman reported Q3 2024 earnings per share of $7.00, surpassing the analyst estimate of $6.08, marking a 13.27% increase from last year. However, sales of $9.996 billion fell short of the $10.181 billion estimate, despite a 2.26% year-over-year increase.
October 24, 2024 | 10:50 am
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Northrop Grumman's Q3 2024 earnings per share exceeded expectations, but sales fell short. The EPS of $7.00 beat the $6.08 estimate, while sales of $9.996 billion missed the $10.181 billion estimate.
The positive EPS surprise indicates strong profitability, which is favorable for the stock. However, the sales miss could raise concerns about revenue growth, leading to mixed investor sentiment and potential stock volatility.
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