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More on Northrop Grumman's (NOC) Q2: Revenue comes in at $6.294B, beating estimates by $314M....

More on Northrop Grumman's (NOC) Q2: Revenue comes in at $6.294B, beating estimates by $314M. Operating margin rises 50 basis points Y/Y, operating income is up 4%. Revenue growth by segment: Aerospace, 9%; Electronic Systems, 2%; Information Systems, -9%; Technical Services -8%. The aerospace unit benefits from "higher volume for manned [and] unmmaned military aircraft." The "current U.S. government budget environment" contributes to a decrease in total backlog of $3.1B since December. FY13 guidance: $7.60-7.80/ share (well above consensus) on $24.3B in sales. Shares +3.1% premarket. (PR)
Comments (1)
  • Dividend Garden
    , contributor
    Comments (423) | Send Message
     
    Top line growth, margin expansion, and raising guidance well above consensus? Nice.
    25 Jul 2013, 10:38 AM Reply Like
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