Northrop beats estimates, raises guidance • 8:06 AM
- Net income of $484M, or $2.41 per diluted share vs. $579M, or $2.63 per diluted share in the first quarter of 2014.
- The company repurchased 5.3M shares of its common stock for $859M during the quarter. As of March 31, 2015, the company had repurchased 47.5M shares toward its previously announced goal of retiring 60M shares by the end of 2015.
- Total backlog as of March 31 was $38.4B compared with $38.2B a year ago.
- The company also raised its earnings forecast for the full year to a range of $9.40-$9.60 from an earlier range of $9.20-$9.50.
- NOC +2.1% premarket
- Q1 results
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Transcripts on NOC
- Northrop Grumman's (NOC) CEO Wes Bush on Q4 2014 Results - Earnings Call Transcript by SA Transcripts
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