Jefferies Raises Price Target on Northrop Grumman (NOC) Following 3Q Beat

Pre-Open Stock Movers 10/26: (OGXI) (AKAM) (IRBT) Higher; (EW) (NUVA) (P) (CMG) (AAPL) Lower (more...)

October 26, 2016 9:15 AM EDT

Today's Pre-Open Stock Movers

OncoGenex Pharmaceuticals, Inc. (Nasdq: OGXI) 32.3% HIGHER; announced positive survival results from the final analysis of the Phase 2 Borealis-2 trial of apatorsen in combination with docetaxel treatment that enrolled 200 patients with metastatic bladder cancer whose disease had progressed following first-line platinum-based chemotherapy. Patients who received apatorsen treatment experienced a 20% reduction in risk of death, compared to patients receiving docetaxel alone (HR=.80; 95% CI: 0.65-0.98; p=0.078). The primary analysis was a superiority test of overall survival, performed at a one-sided 0.10 significance level using a stratified log-rank test. The trial was conducted by... More

Northrop Grumman (NOC) Tops Q3 EPS by 54c; Raises Outlook

October 26, 2016 6:58 AM EDT

Northrop Grumman (NYSE: NOC) reported Q3 EPS of $3.35, $0.54 better than the analyst estimate of $2.81. Revenue for the quarter came in at $6.2 billion versus the consensus estimate of $6.02 billion.

GUIDANCE:

Northrop Grumman sees FY2016 EPS of $11.55-$11.75, versus the consensus of... More

Northrop posts 16.7 percent profit rise, raises full-year forecast

October 26, 2016 6:55 AM EDT

By Ankit Ajmera and Mike Stone

(Reuters) - U.S. weapons maker Northrop Grumman Corp (NYSE: NOC) reported a 16.7 percent rise in quarterly profit on Wednesday, helped by higher sales in its aerospace systems business that makes the center fuselage of the F-35 fighter jets.

Northrop shares hit an all-time high of $229.45 and were still up 3.9 percent at $228.10 in afternoon trading.

Last October, Northrop won the contract to produce the "Raider," the U.S. Air Force's new B-21 long-range bomber. The estimated $80 billion program, expected to produce 100 aircraft, has... More

Trading Radar for 10/26: Comcast (CMCSA), Tesla (TSLA), Western Digital (WDC), F5 Networks (FFIV) Report

October 25, 2016 3:16 PM EDT

The Trading Radar highlights key earnings and economic announcements for the next trading session:

Before Markets Open:
Economics:
8:30am EDT

International Trade in Goods - no Street consensus

Earnings:

A.O. Smith (NYSE: AOS) - consensus EPS $0.45
AGCO Corp. (Nasdaq: AGCO) - consensus EPS $0.36
AVX Corp. (NYSE: AVX) - consensus EPS $0.17
AllianceBernstein (NYSE: AB) - consensus EPS $0.43
Ally Financial (NYSE: ALLY) -... More

Lockheed Martin's quarterly profit handily beats estimates

October 25, 2016 7:38 AM EDT

By Rachit Vats and Mike Stone

(Reuters) - Lockheed Martin Corp (NYSE: LMT), the world's largest defense contractor, reported a quarterly profit on Tuesday that handily beat analysts' expectations, as sales of its Sikorsky helicopters pushed total revenue up 14.8 percent.

Lockheed's shares were up about 7 percent in afternoon trading following the company's earnings conference call.

The company also raised its adjusted profit and sales outlook for the year.

Results from the Pentagon's No. 1 weapons supplier are often seen as a bellwether for the U.S. defense sector.... More