Northrop Grumman GAAP EPS of $7.00 beats by $0.94, revenue of $10B misses by $170M

  • Northrop Grumman press release (NYSE:NOC): Q3 GAAP EPS of $7.00 beats by $0.94.
  • Revenue of $10B (+2.0% Y/Y) misses by $170M.Company raises lower end of 2024 segment operating income guidance and increases MTM-adjusted EPS1 guidance by 75 cents to $25.65 – $26.05 vs $25.21 consensus
  • Net awards of $11.7 billion; record backlog of $85 billion

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