FALLS CHURCH, Va. (AP) — FALLS CHURCH, Va. (AP) — Northrop Grumman Corp. (NOC) on Tuesday reported first-quarter net income of $481 million.
The Falls Church, Virginia-based company said it had net income of $3.32 per share. Earnings, adjusted for non-recurring costs, were $6.06 per share.
The results did not meet Wall Street expectations. The average estimate of nine analysts surveyed by Zacks Investment Research was for earnings of $6.21 per share.
The defense contractor posted revenue of $9.47 billion in the period, which also did not meet Street forecasts. Seven analysts surveyed by Zacks expected $9.91 billion.
Northrop Grumman expects full-year earnings in the range of $24.95 to $25.35 per share, with revenue in the range of $42 billion to $42.5 billion.
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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on NOC at https://www.zacks.com/ap/NOC
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