Investing.com - Northrop Grumman (NYSE:NOC) reported third quarter earnings that beat analysts' expectations on Thursday and revenue that fell short of forecasts.
The firm reported earnings per share of $5.49 on revenue of $8.48B. Analysts polled by Investing.com expected EPS of $4.77 on revenue of $8.57B. That compared to EPS of $6.54 on revenue of $8.09B in the same period a year earlier. The company had reported EPS of $5.06 on revenue of $8.46B in the previous quarter.
For the year, Northrop Grumman shares are up 44.22%, outperforming the S&P 500 which is up 21.3% year to date.
Northrop Grumman follows other major Technology sector earnings this month
On Wednesday, Microsoft reported first quarter EPS of $1.38 on revenue of $33.06B, compared to forecasts of EPS of $1.24 on revenue of $32.14B.
Taiwan Semiconductor earnings beat analyst's expectations on Thursday, October 17, 2019, with third quarter EPS of $0.64 on revenue of $9.58B. Investing.com analysts expected EPS of $0.61 on revenue of $9.25B
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