Industrials

Northrop Grumman (NYSE:NOC) Q2 Earnings Fall, Sales Rise; 2023 Guidance Revised

Northrop Grumman (NYSE:NOC) reported Q2 earnings  of $5.34 per diluted share, down from $6.06 a year earlier. Analysts polled by Capital IQ expected $5.34. Sales for the quarter ended June 30 were $9.58 billion, up from $8.8 billion a year earlier. Analysts surveyed by Capital IQ expected $9.34 billion. The defense contractor said it now expects 2023 adjusted EPS of $22.45 to $22.85, compared with its prior guidance of between $22.25 and $22.85. Analysts polled by Capital IQ expect $22.61. Sales for 2023 are now expected to range between $38.4 billion and $38.8 billion, up from the company’s earlier forecast of $38 billion to $38.40 billion. Analysts surveyed by Capital IQ expect $38.39 billion.

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Mastercard (NYSE:MA) Q2 Adjusted Earnings, Revenue Rise

Mastercard (NYSE:MA) reported Q2 adjusted earnings of $2.89 per diluted share  compared with $2.56 a year earlier. Analysts polled by Capital IQ expected adjusted EPS of $2.83. Revenue for the quarter ended June 30 was $6.27 billion, compared with $5.50 billion a year earlier. Analysts surveyed by Capital IQ expected $6.17 billion.

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