More on Northrop Grumman (NOC -0.4%) Q4: net profit from continuing operations -2.7% to $533M as revenue slips 0.5%. Forecasts 2013 EPS $6.85-$7.15 vs $7.81 in 2012 and consensus of $6.97; sales seen at $24B vs $25.2B and $24.4B. NOC attributes the expected sharp drop in earnings to defense cuts. Q4 revenue breakdown: aerospace +7% to $2.6B, electronic-systems -5% to $1.78B.
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