Friday, October 29, 2010

Northrop Grumman 3 profit rises, boosts forecast

Defense contractor Northrop Grumman Corp., says his income Q3 net edged place on contributions from companies in the aerospace, electronics and technology.

Shipbuilding was only operating segment where profits fell.

Northrop has also raised its orientation of income for the year.

The Los Angeles company reported 497 million, or $ 1.67 per share, net income in the three month period ended September .c ' is leave 490 million dollars, or $1.53 per share a year ago.

It is said revenues rose 8.7 billion from $ 8.35 billion a year ago.

Analysts expect earnings of $1.46 per share on revenue of $ 8.56 billion.

Northrop Grumman raised its guidance throughout the year from $ 6.85 to $ 7 per action.Auparavant, earnings should $6.60 $ 6.80 per action.Analystes expected earnings of $6.86 per share for the year.

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