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 Reporter June 2014 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

Finance

Top Ships Enters 3 New Charters

TOP Ships Inc., an international owner and operator of modern, fuel efficient "ECO" MR tanker vessels focusing on the transportation of petroleum products, announced

Egypt Buys 175,000mt of Russian Wheat

Egypt's state grain buyer, the General Authority for Supply Commodities (GASC), said on Wednesday it had bought 175,000 metric tons of Russian wheat for shipment Sept.

USACE Gets Bird’s-eye View of Houston Ship Channel Growth

The 53rd U.S. Army Chief of Engineers and Commanding General of the U.S. Army Corps of Engineers, Lt. Gen. Thomas P. Bostick, visited the Port of Houston Authority

 
 
Maritime Contracts Naval Architecture Navigation Pipelines Port Authority Salvage Ship Electronics Ship Repair Ship Simulators Shipbuilding / Vessel Construction
rss | archive | history | articles | privacy | terms and conditions | 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: 0.1158 sec (9 req/sec)