Plus   Neg

Northrop Grumman Raises 2019 MTM-adj. EPS Guidance - Quick Facts

Northrop Grumman Corp. (NOC) increased the company's fiscal 2019 MTM-adjusted earnings per share guidance to a range of $20.10 to $20.35 from prior guidance range of $19.30 to $19.55. The company's sales guidance remains unchanged at $34 billion. Analysts polled by Thomson Reuters expect the company to report profit per share of $19.77 on revenue of $34.04 billion. Analysts' estimates typically exclude special items. For 2019, the company updated its free cash flow guidance to $2.7 billion to $3.0 billion.

Third-quarter net earnings was $5.49 per share, compared to $7.11, a year ago. Last year's results included a $1.01 per share benefit for the settlement of cost claims, as well as $0.47 per share more for pension-related items than in the current period. On average, 19 analysts polled by Thomson Reuters expected the company to report profit per share of $4.77, for the quarter.

Third-quarter sales increased 5 percent to $8.48 billion from $8.09 billion in the third quarter of 2018. Analysts expected revenue of $8.57 billion, for the quarter.

For comments and feedback contact: editorial@rttnews.com

Business News

Editors Pick
Online-video streaming giant Netflix Inc. (NFLX), Tuesday reported a fourth-quarter profit that trounced Wall Street estimates, as revenues surged 31% driven by strong subscriber growth. Netflix added 8.76 million subscribers globally in the quarter, above its forecast of 7.60 million, to end the... Fast food chain Krystal Company has filed for bankruptcy, according to reports. The Atlanta-based Krystal filed for Chapter 11 on Sunday in the U.S. Bankruptcy Court in Atlanta. In the filing, the company reportedly disclosed assets between $10 million and $50 million, and liabilities between $50 million and $100 million. The chief executive officer of Google's parent company Alphabet called for artificial intelligence or AI to be regulated, noting that there are real concerns about the potential negative consequences of the technology. According to Alphabet CEO Sundar Pichai, there are real concerns about the negative consequences of AI, from deepfakes to nefarious uses of facial recognition.
Follow RTT