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 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.