Northrop Grumman 1Q Profit Tops Estimates

Thursday, April 24, 2008

According to reports, Northrop Grumman Corp. reported first-quarter earnings from continuing operations of $263m, or 76 cents a share, including a pretax charge of $326m, or 61 cents a share, related to the cost growth and schedule extension in the company's LHD-8 amphibious assault ship program.
Revenue for the March quarter rose 6% to $7.72bfrom $7.31b a year earlier. Wall Street analysts were, on average, forecasting revenue of $7.7 billion.
The Los Angeles-based aerospace and defense company also cut its 2008 earnings guidance to between $4.90 and $5.15 a share from its prior view of $5.50 to $5.75 a share to reflect the impacts of the charge in shipbuilding.
Analysts, on average, estimate full-year earnings at Northrop of $5.04 a share.

Source:  Thompson Financial

Maritime Today


The Maritime Industry's original and most viewed E-News Service

Maritime Reporter April 2016 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

Finance

Pirates Switch to Kidnapping Crew as Oil Fetches Less

Pirate gangs in West Africa are switching to kidnapping sailors and demanding ransom rather than stealing oil cargoes as low oil prices have made crude harder to sell and less profitable,

Baltic Index Down for Third Straight Session

The Baltic Exchange's main sea freight index, tracking rates for ships carrying dry bulk commodities, fell on Tuesday for the third straight session, as demand for bigger vessels weakened.

Kongsberg, DNV GL Partner to Reduce Training Costs

Kongsberg Maritime has entered a partnership with class society DNV GL to issue Product Certificates for Maritime Simulator Systems required by maritime training

 
 
Maritime Careers / Shipboard Positions Maritime Security Maritime Standards Naval Architecture Navigation Pod Propulsion Port Authority Ship Electronics Ship Simulators Winch
rss | archive | history | articles | privacy | contributors | top maritime news | about us | copyright | maritime magazines
maritime security news | shipbuilding news | maritime industry | shipping news | maritime reporting | workboats news | ship design | maritime business

Time taken: 0.0711 sec (14 req/sec)