Investing.com - Northrop Grumman (NYSE:NOC) reported on Thursday second quarter earnings that missed analysts' forecasts and revenue that fell short of expectations.
Northrop Grumman announced earnings per share of $6.06 on revenue of $8.8B. Analysts polled by Investing.com anticipated EPS of $6.1 on revenue of $9.07B.
Northrop Grumman shares are down 12% from the beginning of the year, still down 9.44% from its 52 week high of $492.30 set on June 7. They are outperforming the S&P Global 100 which is down 13.83% from the start of the year.
Northrop Grumman follows other major Industrials sector earnings this month
Northrop Grumman's report follows an earnings beat by United Parcel Service on Tuesday, who reported EPS of $3.29 on revenue of $24.77B, compared to forecasts EPS of $3.16 on revenue of $24.65B.
Union Pacific had beat expectations on July 21 with second quarter EPS of $2.93 on revenue of $6.27B, compared to forecast for EPS of $2.84 on revenue of $6.12B.
Stay up-to-date on all of the upcoming earnings reports by visiting Investing.com's earnings calendar