Northrop Grumman Reported Strong 2Q Results and Raised 2019 EPS Guidance, Shares Under Review
Wide-moat Northrop Grumman reported a second-quarter EPS beat and revenue increased by 19% year over year to $8.5 billion, primarily led by mission systems and aerospace systems segments. The company increased diluted EPS by 12% year over year to $5.06. Northrop Grumman’s strong sales, earnings, and backlog growth led the company to raise its 2019 EPS guidance from $18.90-$19.30 to $19.30-$19.55.The total backlog grew 10% year over year to $63 billion. Noteworthy awards include $4.1 billion for...
Northrop Grumman is a security company. The company's segments include: Aerospace Systems, which is engaged in the design, development, integration and production of manned aircraft, autonomous systems, spacecraft, high-energy laser systems, microelectronics and other systems and subsystems; Innovation Systems, which is engaged in the design, development, integration and production of flight, armament and space systems; Mission Systems, which is engaged in end-to-end mission solutions and multifunction systems; and Technology Services, which is engaged in delivering solutions and services in support of mission-critical networks and systems.
Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. The company offer an extensive line of products and services for individual investors, financial advisors, asset managers, and retirement plan providers and sponsors.
Morningstar provides data on approximately 530,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 18 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries and had approximately $185 billion in assets under advisement and management as of June 30, 2016.
We have operations in 27 countries.
Unfortunately, this report is not available for the investor type or country you selected.
Browse all ResearchPool reportsReport is subscription only.
Thank you, your report is ready.
Thank you, your report is ready.