Investing.com - Northrop Grumman (NYSE:NOC) reported first quarter earnings that beat analysts' expectations on Wednesday and revenue that fell short of forecasts.
The firm reported earnings per share of $5.06 on revenue of $8.19B. Analysts polled by Investing.com expected EPS of $4.59 on revenue of $8.33B. That compared to EPS of $4.21 on revenue of $6.74B in the same period a year earlier. The company had reported EPS of $4.93 on revenue of $8.16B in the previous quarter.
For the year, Northrop Grumman shares are up 19.48%, outperforming the S&P 500 which is up 18.44% year to date.
Northrop Grumman follows other major Technology sector earnings this month
On Wednesday, April 17, 2019, Taiwan Semiconductor reported first quarter EPS of $0.38 on revenue of $7.09B, compared to forecasts of EPS of $0.4 on revenue of $7.14B.
SAP ADR earnings beat analyst's expectations on Wednesday, with first quarter EPS of $1.01 on revenue of $6.86B. Investing.com analysts expected EPS of $0.95 on revenue of $6.74B
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