© Stocksak. Earnings from Northrop Grumman and Revenue Miss in Q3
Investing.com – Northrop Grumman (NYSE:) Thursday’s third quarter report showed revenue that was below analysts’ expectations and forecasts that were not met.
Northrop Grumman posted earnings per share at $5.89 on revenue $9.00 Investing.com polled analysts to predict EPS at $6.11 on revenues of $9.13B.
Northrop Grumman shares fell 4% since the start of the year, but still fell 0.46% from its 52-week peak of $535.25, which was set on October 27, 2012.
Northrop Grumman is following other major Industrials sector earnings in this month
Northrop Grumman reports on Tuesday after United Parcel Service beat them with earnings. They reported EPS of 2.99 on revenue of $254.2B, while forecasts were for EPS of 2.86 on revenue at $24.4B.
Raytheon Technologies beat expectations Tuesday with a third quarter EPS at $1.21 on revenue $17B. This compares to the forecast for EPS at $1.14 on revenue $17.31B.
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