Northrop Grumman Releases Fourth Quarter and Full-Year 2023 Financial Results
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Northrop Grumman (NOC) shares slide as earnings impacted by B-21 charge
January 25, 2024 8:33 AM EST(Updated - January 25, 2024 9:04 AM EST)
Northrop Grumman (NYSE: NOC) shares fell 4.5% premarket Thursday on the back of its latest quarter results, which missed earnings expectations due to a B-21 charge of $7.68 per share.
The company reported Q4 EPS of ($1.45), $7.35 worse than the analyst estimate of $5.81. Revenue for the quarter came in at $10.6 billion, up 6% YoY and above the consensus estimate of $10.43 billion.
The company also said it achieved a... More
