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Why Northrop Grumman Stock Is Up Today

Northrop Grumman (NOC 8.93%) posted better-than-expected quarterly results and raised full-year guidance. Investors were pleased, sending Northrop shares up 8% as of 1 p.m. ET. Strong sequential growthNorthrop Grumman is an aviation and space-focused defense contractor with roles on key programs that are Pentagon priorities. The company earned 8.15pershareinthemostrecentquarteronrevenueof8.15 per share in the most recent quarter on revenue of 10.4 billion, topping Wall Street's 6.84pershareon6.84 per share on 10 billion consensus estimate.The beat included a $1 ...