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More on Northrop Grumman Q1: Net profit +18%; upgrades FY EPS guidance

  • Northrop Grumman (NOC) net profit +18% to $579M, including $51M tax benefit.
  • Segment operating income $757M vs $748M; margin 12.9% vs 12.3%.
  • Sales breakdown: Aerospace Systems -3% to $2.42B; Electronic Systems -4% to $1.64B; Information Systems -6% to $1.58B; Technical Services -3% to $697M.
  • Upgrades 2014 EPS guidance to $8.90-9.15 vs prior outlook of $8.70-9.00 and consensus of $8.93; revenue outlook unchanged at $23.5-23.8B vs forecast of $23.72B. (PR)
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