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
04/17/201419:04:25Pentagon Official Criticizes Pratt & Whitney Over F-35 Costs...
04/01/201405:38:30South Korea Finds Drone Near Sea Border With North
03/26/201415:35:23Efforts to Cut F-35 Costs Hinge on Foreign Partners
03/24/201416:20:06Lockheed Says Overseas F-35 Sales Goal Intact
03/04/201418:21:28Pentagon Plans to Fund New Sikorsky Helicopter
03/04/201416:17:54Pentagon Eyes Boost for Aircraft, Missile Defense
02/07/201401:16:14Australia Rethinking Military Drones -- Update
01/30/201417:20:25Private Lawsuit Alleges Northrop Grumman Defrauded U.S. of $62...
12/10/201309:33:06U.S. Hot Stocks Futures: Hot Stocks to Watch
12/09/201318:20:12Northrop Grumman Pays $11.4 Million to Settle Improper-Charges...
11/15/201307:11:08AQR Capital Management 3Q 13F: Holdings As Of Sep 30
11/15/201307:11:08AQR Capital Management 3Q 13F: Holdings As Of Sep -2-
11/15/201307:04:51Bridgewater Associates LP 3Q 13F: Largest Eliminations
11/15/201306:57:24Millennium Management 3Q 13F: Holdings As Of Sep -2-
11/15/201306:57:23Millennium Management 3Q 13F: Holdings As Of Sep 30
11/14/201307:19:20The Vanguard Group 3Q 13F: Holdings As Of Sep 30
11/14/201307:19:20The Vanguard Group 3Q 13F: Holdings As Of Sep 30 -2-
11/07/201310:47:08Huntington Ingalls 3rd-Quarter Profit Soars on Insurance Recoveries
10/23/201310:14:48Correction to Northrop Grumman Earnings Story
10/23/201309:30:35Northrop Grumman 3rd-Quarter Profit Up 8.3%

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 1999-2007 ADVFN PLC. | Privacy Policy | Investment Warning | Data accreditations | Investor Relations

ADVFNADVFN ItalyADVFN GermanyADVFN FranceADVFN BrazilADVFN JapanADVFN UKADVFN US noad