More on Northrop Grumman's Q2


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

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Comments (4)
  • keallen
    , contributor
    Comments (565) | Send Message
     
    This administration has been a thorn in this market. Our defense sector is taking a brutal hit. Kerry stated to Egypt that "War is an ugly thing". He failed to complete the quote. Here it is:

     

    "War is an ugly thing, but not the ugliest of things. The decayed and degraded state of moral and patriotic feeling which thinks that nothing is worth war is much worse. The person who has nothing for which he is willing to fight, nothing which is more important than his own personal safety, is a miserable creature and has no chance of being free unless made and kept so by the exertions of better men than himself."

     

    John Stuart-Mill
    23 Jul 2014, 10:51 AM Reply Like
  • SivBum
    , contributor
    Comments (2737) | Send Message
     
    Huh! "Our defense sector is taking a brutal hit" !.

     

    NOC is at 52 wk high as most other stocks in the military complex. If this administration is a thorn, it is a thorn loaded with magic elixir.
    23 Jul 2014, 11:08 AM Reply Like
  • keallen
    , contributor
    Comments (565) | Send Message
     
    Agreed. I did not look at the sector well. But this administration had nothing to do with it. It imposes corporate taxes and limits growth of the private sector.
    23 Jul 2014, 01:38 PM Reply Like
  • SivBum
    , contributor
    Comments (2737) | Send Message
     
    Keallen,

     

    Of course it imposes corporate taxes. How else you think the government fund homeland security and buy those Northrop hardwares for the military etc? Squeeze the 90 percenters instead?
    23 Jul 2014, 09:01 PM Reply Like
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