Northrop Grumman (NYSE: NOC) reported Q1 EPS of $6.57, $1.09 better than the analyst estimate of $5.48. Revenue for the quarter came in at $9.2 billion versus the consensus estimate of $8.53 billion.

"First quarter results are a strong start to the year and a continuation of the positive performance we delivered in 2020," said Kathy Warden, chairman, chief executive officer and president. "Our team booked competitive new awards and generated higher sales, earnings and cash. These strong operational results, coupled with portfolio shaping, enabled value-creating capital deployment for our shareholders. Based on our strong first quarter results and solid outlook for the year, we are raising 2021 sales and EPS guidance."

GUIDANCE:

Northrop Grumman sees Q2 2021 EPS of $24.00-$24.50, versus the consensus of $23.65. Northrop Grumman sees Q2 2021 revenue of $35.3-35.7 billion, versus the consensus of $35.54 billion.

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