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Northrop Grumman (NOC) Beats on Q3 Earnings, Ups '19 EPS View
Northrop Grumman Corporation NOC reported third-quarter 2019 earnings of $5.49 per share, which surpassed the Zacks Consensus Estimate of $4.74 by 15.8%. However, the bottom line declined 22.8% from $7.11 reported in the year-ago quarter.
Total Sales
In third-quarter 2019, Northrop Grumman reported total sales of $8,475 million, which missed the Zacks Consensus Estimate of $8,546 million by 0.83%. However, sales grew 4.8% from the year-ago quarter’s $8,085 million. The upside was driven by growth in all business segments.
Backlog
Northrop Grumman’s total backlog at the end of third-quarter 2019 was $65 billion. Funded backlog during the quarter amounted to $31.96 billion, whereas unfunded backlog amounted to $33.04 billion.
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https://finance.yahoo.com/news/northrop-...01215.html
![[Bild: NOCc1dl1543.png]](https://finviz.com/publish/102419/NOCc1dl1543.png)
Northrop Grumman Corporation NOC reported third-quarter 2019 earnings of $5.49 per share, which surpassed the Zacks Consensus Estimate of $4.74 by 15.8%. However, the bottom line declined 22.8% from $7.11 reported in the year-ago quarter.
Total Sales
In third-quarter 2019, Northrop Grumman reported total sales of $8,475 million, which missed the Zacks Consensus Estimate of $8,546 million by 0.83%. However, sales grew 4.8% from the year-ago quarter’s $8,085 million. The upside was driven by growth in all business segments.
Backlog
Northrop Grumman’s total backlog at the end of third-quarter 2019 was $65 billion. Funded backlog during the quarter amounted to $31.96 billion, whereas unfunded backlog amounted to $33.04 billion.
...
https://finance.yahoo.com/news/northrop-...01215.html
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