Northrop beats, raises guidance

• Net earnings of $602M, or $3.35 per diluted share vs. $516M, or $2.75 per diluted a year ago.
• Sales by segment: Aerospace +9%; Mission +1%; Technology flat.
• During the quarter, the company repurchased 2.2M shares of its common stock for $470M.
• Raised outlook for 2016: Diluted EPS of $11.55-$11.75 (from $10.75-$11.00), on sales of $23.1B-$24.1B (from $23.5B-$24B).
• NOC +1.8% premarket
• Q3 results