By Calvin Biesecker Northrop Grumman [NOC] yesterday reported strong operating results, allowing it to overcome higher tax payments and post a slight increase in net earnings in the third quarter. Net income inched up a percent to $497 million, $1.67 earnings per share (EPS), from $490 million ($1.53 EPS), as a strong increase in income at its operating segments and lower pension expense was largely offset by higher tax payments. A year ago, Northrop Grumman's earnings benefited from a tax…
Northrop’s Income Edges Up As Strong Operating Results Offset Higher Taxes
SHARE:
