Northrop Grumman Q2 Results Top Views

Northrop Grumman reported Wednesday financial results for Q2, with earnings and revenue that topped analysts’ expectations; it also revised its guidance for fiscal 2017, below to in line with Street estimates. The global security company posted earnings of $3.15 per share, compared with the prior-year period’s $2.85 per share. Analysts polled by Capital IQ were expecting $2.85.

Revenue was $6.38 billion, up from $6 billion in the same quarter last year. The Street view was for revenue of $6.21 billion. The company now expects FY of $12.10 – $12.40, up from previously $11.80 to $12.10, on revenue of “low” $25 billion compared to the prior view of about $25 billion. The Street view is for EPS of $12.36 on revenue of $25.29 billion.

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