Northrop Grumman’s first-quarter sales reach 9.9 billions USD, surpassing market expectations

Glonghui, April 21 — Northrop Grumman, a leading U.S. military-industrial manufacturer, reported first-quarter sales of $9.9 billion, surpassing market expectations of $9.7 billion; first-quarter earnings per share were $6.14. Northrop Grumman expects sales for this fiscal year to be between $43.5 billion and $44 billion, previously estimated at $43.91 billion; adjusted earnings per share for this fiscal year are forecast to be $27.40 to $27.90, down from the previous estimate of $27.97.