Northrop Grumman Raises FY24 Adj EPS Outlook To $25.65-$26.05 ($24.90-$25.30 Prior) vs $25.20 Estimate; Affirms Sales Outlook Of $41.00B-$41.40B vs $41.36B Estimate
Portfolio Pulse from Mohit Manghnani
Northrop Grumman has raised its FY24 adjusted EPS outlook to $25.65-$26.05, up from the previous $24.90-$25.30, surpassing the $25.20 estimate. The company also reaffirmed its sales outlook of $41.00B-$41.40B, aligning closely with the $41.36B estimate.
October 24, 2024 | 10:53 am
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Northrop Grumman has increased its FY24 adjusted EPS guidance, exceeding analyst expectations, and reaffirmed its sales outlook, indicating strong financial performance.
The increase in EPS guidance suggests improved profitability, which is a positive signal for investors. The reaffirmation of the sales outlook provides stability and confidence in the company's revenue projections. These factors are likely to positively influence Northrop Grumman's stock price in the short term.
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