Northrop Grumman Boosts 2020 Sales, Profit Guidance
October 22 2020 - 7:35AM
Dow Jones News
By Matt Grossman
Northrop Grumman Corp. on Thursday nudged higher its sales and
profit guidance for the full year, as the company posted
better-than-expected third-quarter results.
The Falls Church, Va.-based aerospace-and-defense company said
it expects full-year revenue of $35.7 billion to $36 billion,
compared with a previous guidance range of $35.3 billion to $35.6
billion.
It forecast full-year adjusted earnings of $22.25 to $22.65 a
share, compared with a prior forecast of per-share earnings that
called for $22 to $22.40.
Analysts surveyed by FactSet had forecast full-year revenue of
$35.47 billion and adjusted earnings of $22.50 a share.
Write to Matt Grossman at matt.grossman@wsj.com
(END) Dow Jones Newswires
October 22, 2020 07:20 ET (11:20 GMT)
Copyright (c) 2020 Dow Jones & Company, Inc.
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