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Northrop Grumman’s Earnings, Sales Up In Third Quarter On Strong Operating Performance

Northrop Grumman’s Earnings, Sales Up In Third Quarter On Strong Operating Performance
The U.S. Air Force, DoD officials and Northrop Grumman participated in an unveiling of the B-21 Raider on Dec. 2, 2022 in Palmdale, Calif. (U.S. Air Force Photo)

Northrop Grumman [NOC] on Thursday reported a slight increase in third quarter earnings on robust sales growth due to strong operating performance at its business segments coupled with the sale of a minority stake in a business in Australia. Net income rose 2 percent to $937 million, $6.18 earnings per share (EPS), from $915 million ($5.89 EPS) a year ago, smashing consensus estimates by 37 cents per share. Earnings were held down by a $1 per share pension headwind. Segment…

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