ADVFN - Advanced Financial Network.
HOME» NYSE » N » NOC Stock Price » NOC Stock News

Northrop Grumman Share News

 Northrop Grumman Corp Stock Price
NOC Stock Price
 Northrop Grumman Corp Stock Chart
NOC Stock Chart
 Northrop Grumman Corp Stock News
NOC Stock News
 Northrop Grumman Corp Company Information
NOC Company Information
 Northrop Grumman Corp Stock Trades
NOC Stock Trades

Huntington Ingalls Swings To 2Q Profit; Lower Volume Hurt Sales

DOW JONES NEWSWIRES Huntington Ingalls Industries Inc. (HII) swung to a smaller-than-expected second-quarter profit as lower volume hurt sales. The country's largest military shipbuilder was spun off from Northrop Grumman Corp. (NOC) on March 31. Analysts have pinned Huntington Ingalls' earnings growth prospects on operational improvements as little revenue growth is expected in an environment of decelerating U.S. defense spending and a shift in military priorities toward smaller, more nimble weapons platforms. Huntington Ingalls reported a profit of $40 million, or 80 cents a share, compared with a loss of $11 million, or 23 cents, a year earlier. Sales declined 2.9% to $1.56 billion, as the winding down of Avondale, La., shipbuilding operations hurt its sales volume. Analysts polled by Thomson Reuters had most recently forecast earnings of 82 cents on revenue of $1.65 billion. Operating margin swung to 5.8% from negative 1.2%. The Newport News shipbuilding business, which accounts for the bulk of the company's top line, saw its operating income fall 6% as sales dropped 4.5%. The Ingalls shipbuilding segment swung to an operating profit, though sales edged down 0.8%. Shares closed Wednesday at $28.01 and were inactive premarket. The stock has fallen 28% over the last three months. -By Melodie Warner, Dow Jones Newswires; 212-416-2283; melodie.warner@dowjones.com

Stock News for Northrop Grumman (NOC)
DateTimeHeadline
02/11/201607:15:32Amended Statement of Ownership (sc 13g/a)
02/10/201620:12:00Pentagon Still Plans F-35 Increase --update
02/10/201613:00:00Northrop Grumman Demonstrates Continued Progress With its Integrated...
02/10/201610:00:00STEM Teacher Training in a Tropical Forest: US Science Teachers...
02/09/201615:00:00Northrop Grumman Highlights Global Security Capabilities at Singapore...
02/09/201610:43:12Statement of Changes in Beneficial Ownership (4)
02/08/201613:30:00Northrop Grumman's BACN Completes 100,000 Combat Flight Hours
02/05/201611:00:00NASA Global Hawk Studies Severe El Nino Weather over the Pacific...
02/02/201610:00:00Northrop Grumman Celebrates Major Milestones on One-Year Anniversary...
02/01/201609:00:00Northrop Grumman to Participate in Cowen and Company 37th Annual...
01/29/201600:01:00Northrop Grumman's Upgraded Battle Manager Successfully Directs...
01/28/201623:44:00Defense Companies Feel Oil's Knock
01/28/201620:02:00Defense Companies Feel Oil's Knock
01/28/201613:22:00Northrop Grumman Profit Falls 9.3%
01/28/201613:20:00Correction to Northrop Grumman Earnings Story
01/28/201609:48:00U.S. Hot Stocks: Hot Stocks to Watch
01/28/201607:40:00Northrop Grumman Profit Falls 9.3%
01/28/201607:31:00Northrop Grumman Profit Falls 9.3%
01/28/201606:36:30Northrop Grumman Releases Fourth Quarter and 2015 Financial Results
01/28/201606:08:50Current Report Filing (8-k)

Northrop Grum Hol and other New York Stock Exchange stock quotes are delayed by at least 20 minutes.
All other stock price data is delayed by at least 15 minutes unless otherwise stated.
By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions
Contact Us | Copyright 1999-2015 ADVFN PLC. | Privacy Policy | Investment Warning | Data accreditations | Investor Relations

ADVFNADVFN ItalyADVFN GermanyADVFN FranceADVFN BrazilADVFN JapanADVFN UKADVFN US noad