Northrop Grumman Corp. Reports Decline In Q4 Earnings

(RTTNews) - Northrop Grumman Corp. (NOC) reported earnings for fourth quarter that decreased from last year.

The company's profit totaled $356 million, or $2.06 per share. This compares with $672 million, or $3.83 per share, in last year's fourth quarter.

Analysts had expected the company to earn $4.32 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter rose 24.6% to $8.16 billion from $6.55 billion last year.

Northrop Grumman Corp. earnings at a glance:

-Earnings (Q4): $356 Mln. vs. $672 Mln. last year. -EPS (Q4): $2.06 vs. $3.83 last year. -Analysts Estimate: $4.32 -Revenue (Q4): $8.16 Bln vs. $6.55 Bln last year.