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Northrop Grumman Corp. Q4 Profit Retreats

Northrop Grumman Corp. (NOC) announced earnings for fourth quarter that decreased compared to the same period last year.

The company said its earnings fell to $178 million, or $1.01 per share. This was down from $525 million, or $2.96 per share, in last year's fourth quarter.

Analysts had expected the company to earn $2.74 per share, according figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company said revenue for the quarter rose 3.8% to $6.63 billion. This was up from $6.39 billion last year.

Northrop Grumman Corp. earnings at a glance:

-Earnings (Q4): $178 Mln. vs. $525 Mln. last year.
-Earnings Decline (Y-o-Y): -66.1%
-EPS (Q4): $1.01 vs. $2.96 last year.
-EPS Decline (Y-o-Y): -65.9%
-Analysts Estimate: $2.74
-Revenue (Q4): $6.63 Bln vs. $6.39 Bln last year.
-Revenue Change (Y-o-Y): 3.8%

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