Northrop Grumman Beats Estimates, but 2017 Guidance Underwhelms
Northrop Grumman beat Wall Street earnings estimates in its fourth quarter, but the defense contractor expects 2017 earnings to be below analysts' estimates.
Northrop Grumman (NOC) - Get Report shares are trading lower this morning after the weapons maker beat Wall Street earnings estimates in its fourth quarter. However, the company expects 2017 earnings to be below analysts' estimates. Northrop reported adjusted net income of $2.66 a share, topping Wall Street expectations of $2.49 a share.
