The company’s core e-commerce business has struggled as consumers return to in-store shopping after the height of the pandemic. Read More...
Benzinga
Northrop Grumman Q2 Results Miss Estimates; Reiterates FY22 Outlook
Northrop Grumman Corp (NYSE: NOC) reported a second-quarter FY22 sales decline of 4% year-over-year to $8.8 billion, missing the consensus of $9.07 billion. EPS was $6.06, down from $6.42 in 2Q21, missing the consensus of $6.10. Sales by segments: Aeronautics Systems $2.53 billion (-13% Y/Y), Defense Systems $1.29 billion (-9% Y/Y), Mission Systems $2.52 billion (-3% Y/Y), and Space Systems $2.98 billion (+8% Y/Y). NOC stated that Q2 sales reflect continued headwinds from the macroeconomic envir
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