Northrop Grumman (NOC) Tops Q3 EPS by 54c; Raises Outlook
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Jefferies Raises Price Target on Northrop Grumman (NOC) Following 3Q Beat
October 27, 2016 9:45 AM EDTJefferies reiterated a Buy rating on Northrop Grumman (NYSE: NOC), and raised the price target to $260.00 (from $250.00), following the company's 3Q earnings report. NOC reported EPS of $3.35, 20c ahead of expectations. Management increased 2016 EPS guidance to be in the range of $11.55-$11.75 up from $10.75-... More
Northrop posts 16.7 percent profit rise, raises full-year forecast
October 26, 2016 6:55 AM EDTBy Ankit Ajmera and Mike Stone
(Reuters) - U.S. weapons maker Northrop Grumman Corp (NYSE: NOC) reported a 16.7 percent rise in quarterly profit on Wednesday, helped by higher sales in its aerospace systems business that makes the center fuselage of the F-35 fighter jets.
Northrop shares hit an all-time high of $229.45 and were still up 3.9 percent at $228.10 in afternoon trading.
Last October, Northrop won the contract to produce the "Raider," the U.S. Air Force's new B-21 long-range bomber. The estimated $80 billion program, expected to produce 100 aircraft, has... More
