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

Finance

Sardines Boost Murmansk Port Turnover

In January 2016 turnover of the Murmansk Marine Fishing Port reached 22 thousand tons of cargo, including 15 thousand tons of fish. This is higher than last year,

COSCO Plans European Transhipment Hub

China's COSCO is forging ahead with a plan to build a European transhipment hub, reports Reuters. The state owned shipping giant is expected to make an offer for

MISC Bhd: Revenue Up

Malaysia International Shipping Corporation Berhad (MISC Berhad), a shipping arm of Petronas, has seen an increase of 12.3 percent in its net profit for the 2015

 
 
Maritime Contracts Maritime Standards Naval Architecture Navigation Offshore Oil Pipelines Pod Propulsion Port Authority Salvage Ship Electronics
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: 0.0722 sec (14 req/sec)