Northrop Grumman shares are trading higher after the company reported better-than-expected Q3 EPS results and raised its FY24 adjusted EPS guidance outlook.
Portfolio Pulse from Benzinga Newsdesk
Northrop Grumman's shares rose following a strong Q3 earnings report and an increase in its FY24 adjusted EPS guidance.
October 24, 2024 | 2:38 pm
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Northrop Grumman's stock price increased due to better-than-expected Q3 EPS results and an upward revision of its FY24 adjusted EPS guidance.
The company's Q3 EPS results exceeded expectations, which is a positive indicator of financial health and operational efficiency. Additionally, raising the FY24 adjusted EPS guidance suggests confidence in future performance, likely boosting investor sentiment and driving the stock price higher.
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