Thursday, Northrop Grumman Corp. (NOC) said its fourth-quarter net earnings were $413 million or $1.31 per share compared with a loss of $2.5 billion or $7.75 per share in the prior year period.
Adjusted earnings from continuing operations for the quarter declined to $375 million from $499 million in the year-ago period. Adjusted earnings per share from continuing operations for the quarter were $1.19, down from $1.50 in the previous year period. On average, 19 analysts polled by Thomson Reuters expected the company to report earnings of $1.26 per share for the quarter.
Sales for the quarter rose to $8.92 billion from $8.77 billion in the comparable period. Thirteen analysts estimate revenues of $9.00 billion for the quarter.
For fiscal 2010, earnings per share from continuing operations are projected to be in range of $5.70 - $5.95 and sales for the year are expected to be in range of $34.00 billion - $34.60 billion. Twenty one analysts estimate earnings of $5.58 per share and eighteen analysts estimate revenues of $35.87 billion for the year.
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.