Northrop Grumman: Q4 Earnings Snapshot

Associated Press Finance
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FALLS CHURCH, Va. (AP) — FALLS CHURCH, Va. (AP) — Northrop Grumman Corp. (NOC) on Thursday reported a loss of $535 million in its fourth quarter.

The Falls Church, Virginia-based company said it had a loss of $3.54 per share. Earnings, adjusted for non-recurring costs, came to $6.27 per share.

The results topped Wall Street expectations. The average estimate of eight analysts surveyed by Zacks Investment Research was for earnings of $5.75 per share.

The defense contractor posted revenue of $10.64 billion in the period, which also topped Street forecasts. Five analysts surveyed by Zacks expected $10.44 billion.

For the year, the company reported profit of $2.06 billion, or $13.53 per share. Revenue was reported as $39.29 billion.

Northrop Grumman expects full-year revenue in the range of $40.8 billion to $41.2 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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