Plus   Neg

Northrop Grumman Boost FY20 Outlook - Quick Facts

While reporting financial results for the second quarter on Thursday, Northrop Grumman Corp. (NOC) raised its adjusted earnings and sales guidance for the full year 2020, based on year-to-date performance and its most current outlook for the remainder of the year.

For fiscal 2020, the company now projects MTM-adjusted earnings in a range of $22.00 to $22.40 per share on sales between $35.30 billion and $35.60 billion.

Previously, the company expected MTM-adjusted earnings in the range of $21.80 to $22.20 per share on sales between $35.00 billion and $35.40 billion.

On average, analysts polled by Thomson Reuters expect the company to report earnings of $22.14 per share on revenues of $35.19 billion for the year. Analysts' estimates typically exclude special items.

The company said its 2020 financial guidance reflects the impacts experienced to date from the global COVID-19 pandemic, and what the company currently anticipates to be the impacts on the company for the remainder of the year.

For comments and feedback contact: editorial@rttnews.com

Business News

Editors Pick
Amazon's much-awaited Prime Day shopping event will take place in mid-October, according to multiple reports. The annual sale event will reportedly kick off in the U.S. on Tuesday, October 13. Amazon Prime Day, the company's biggest, global shopping event of the year, is usually held in the U.S. in mid-July. However, the e-commerce giant confirmed in July that it is delaying this year's event. Walmart Foundation, Cargill and McDonald's said they will invest more than $6 million in a million-acre grazing initiative to help restore grasslands and address the issue of climate change. The initiative, led by the World Bank, aims to make lasting improvements to the grasslands of the Northern Great Plains. The new program is known as the Ranch Systems and Viability Planning or RSVP network. Shell International Petroleum Co. Ltd. and Microsoft Corp. formed a strategic alliance to develop new solutions to achieve net-zero emissions. The alliance will support Shell's ambition to be a net-zero emissions energy business by 2050. Meanwhile, Shell's supply of renewable energy to Microsoft is expected to help it deliver on its renewable energy supply goals.
Follow RTT