Northrop Grumman

(NOC) - Get Report

affirmed its 2003 earnings guidance, which falls in line with analysts' estimates.

The company expects to earn $3.65 to $4.15 a share on revenue of $25 billion to $26 billion. Analysts expect $3.81 a share, on average, on revenue of $25.5 billion. The company had lowered its expected earnings earlier this month, predominantly due to higher debt-related costs.

For 2004, the global defense company said it expects revenue of $28 billion to $29 billion. Analysts expect revenue of $28 billion and EPS of $4.83.

The company's shares were down 0.2% at $83.53 in early trading Thursday.