Space Business Leads Northrop Grumman To Strong Second Quarter

摘要

Northrop Grumman [NOC] on Thursday reported strong second quarter financial results ledby a number of programs in its Space Systems and Mission Systems segments and thecompany again raised its top and bottom-line guidance for the year.Net income increased 3 percent to $1.04 billion, $6.42 earnings per (EPS) from $1.01 billion($6.01 EPS) a year ago, smashing consensus estimates of $5.85 by 57 cents per share. Federaltaxes were higher in the quarter. Sales also increased 3 percent to $9.2 billion from $8.9billion.