Northrop Grumman down after annual sales forecast falls below estimates

Northrop Grumman

21/04/2026 16:42

** Shares of defense contractor Northrop Grumman NOC.N fall 6.2% to about $616

** Co maintains 2026 sales forecast range of $43.5 bln to $44 bln, the midpoint of which is below analysts' average estimate of 43.91 bln, per data compiled by LSEG

** RBC analyst Hebert Ken - Considering the recent agreements on B-21 and the strong sales in the first quarter, the forecast is rather conservative, potentially disappointing investors looking for a beat-and-raise

** Co's Q1 EPS rose to $6.14 from $3.32 a year earlier

** Quarterly revenue came in at $9.88 billion, 4.4% higher than $9.47 billion last year

** Including session's moves, shares up 8.1% YTD

 (Reporting by Parth Chandna)

 ((Parth.Chandna@thomsonreuters.com;))