Northrop Grumman

Northrop Grumman (NYSE:NOC) Boosts FY23 Sales Outlook From $38B-$38.40B To $38.40B-$38.80B, Consensus $38.39B.

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.