By Calvin Biesecker Northrop Grumman [NOC] yesterday posted a higher net income driven by lower pension expenses and higher operating income at its Aerospace, Shipbuilding and Technical Services segments, which combined with an ongoing stock buyback program allowed it to easily beat consensus earnings estimates. Earnings from continuing operations increased 26 percent to $462 million, $1.51 earnings per share (EPS), from $366 million ($1.10 EPS). Analysts projected $1.32 EPS. The gain in EPS was actually 37 percent, which benefited from…
Higher Margins, Lower Pension Expense Boost Northrop Grumman
SHARE:
