Northrop's (NOC) Q4 Earnings Beat Estimates, Sales Up Y/Y
NOCNorthrop Grumman(NOC) Zacks Investment Research·2024-01-26 00:21

Northrop Grumman Corporation (NOC) reported fourth-quarter 2023 adjusted earnings of 6.27pershare,whichbeattheZacksConsensusEstimateof6.27 per share, which beat the Zacks Consensus Estimate of 5.75 by 9%. However, the bottom line decreased from 7.50persharerecordedintheyear−agoquarter.ThecompanyincurredaGAAPlossof7.50 per share recorded in the year-ago quarter. The company incurred a GAAP loss of 3.54 per share, which deteriorated from earnings of 13.46generatedinthefourthquarterof2022.NorthropGrummanreported2023adjustedearningsof13.46 generated in the fourth quarter of 2022. Northrop Grumman reported 2023 adjusted earnings of 23.29 per share, which surpassed the Zacks Consensus Estimate of $22.76 by ...