Investing.com - Northrop Grumman (NYSE:NOC) reported second quarter earnings that beat analysts' expectations on Wednesday and revenue that topped forecasts.
The firm reported earnings per share of $5.06 on revenue of $8.46B. Analysts polled by Investing.com anticipated EPS of $4.68 on revenue of $8.42B. That compared to EPS of $3.93 on revenue of $7.12B in the same period a year earlier. The company had reported EPS of $5.06 on revenue of $8.19B in the previous quarter.
For the year, Northrop Grumman shares are up 32.29%, outperforming the S&P 500 which is up 21.34% year to date.
Northrop Grumman follows other major Technology sector earnings this month
On July 18, Microsoft reported fourth quarter EPS of $1.37 on revenue of $33.72B, compared to forecasts of EPS of $1.21 on revenue of $32.77B.
Taiwan Semiconductor earnings matched analyst's expectations on July 18, with second quarter EPS of $0.41 on revenue of $7.76B. Investing.com analysts expected EPS of $0.41 on revenue of $7.62B
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