Northrop Grumman (NOC) Tops Q1 EPS by 13c; Outlook Raised

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Northrop Grumman Reports First Quarter 2015 Financial Results

April 29, 2015 7:00 AM EDT

FALLS CHURCH, Va., April 29, 2015 /PRNewswire/ -- Northrop Grumman Corporation (NYSE: NOC) reported first quarter 2015 net earnings of $484 million, or $2.41 per diluted share, compared to $579 million, or $2.63 per diluted share in the first quarter of 2014. First quarter 2014 diluted earnings per share included a $51 million, or $0.23 per share, tax benefit resulting from the partial resolution of the Internal Revenue Service (IRS) examination of the company's 2007-2009 tax returns. First quarter 2015 diluted earnings per share are based on 200.5 million weighted average shares outstanding compared with 220.4... More