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Why Northrop Grumman Stock Is Up Today

TheMotleyFool

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Northrop Grumman (NYSE: NOC) posted better-than-expected quarterly results and raised full-year guidance. Investors were pleased, sending Northrop shares up 8% as of 1 p.m. ET.

Image source: Northrop Grumman.

Northrop Grumman is an aviation and space-focused defense contractor with roles on key programs that are Pentagon priorities. The company earned $8.15 per share in the most recent quarter on revenue of $10.4 billion, topping Wall Street's $6.84 per share on $10 billion consensus estimate.

Source Fool.com

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