More on Northrop Grumman's Q2

|About: Northrop Grumman Corporation (NOC)|By:, SA News Editor

Northrop Grumman (NOC +0.6%) raised its full-year 2014 profit forecast despite missing EPS estimates and reporting a sales decline. The company now expects a range of $9.15 to $9.35 per share from the $8.90 to $9.15 per share it announced in April.

Sales declined 4.1% Y/Y to $6.04B as the government decreases spending and winds down the war in Afghanistan.

Net income displayed a modest rise, increasing 4.7% Y/Y to $511M from $488M.

Q2 earnings