Investing.com - Northrop Grumman (NYSE:NOC) reported on Thursday second quarter earnings that beat analysts' forecasts and revenue that topped expectations.
Northrop Grumman announced earnings per share of $5.78 on revenue of $8.88B. Analysts polled by Investing.com anticipated EPS of $5.32 on revenue of $8.63B.
Northrop Grumman shares are down 8% from the beginning of the year and are trading at $315.26 , down-from-52-week-high.They are under-performing the S&P 500 which is up 0.86% from the start of the year.
Northrop Grumman follows other major Technology sector earnings this month
Northrop Grumman's report follows an earnings beat by Microsoft on Wednesday, July 22, 2020, who reported EPS of $1.46 on revenue of $38.03B, compared to forecasts EPS of $1.34 on revenue of $36.54B.
Taiwan Semiconductor had beat expectations on Wednesday, July 15, 2020 with second quarter EPS of $0.79 on revenue of $10.55B, compared to forecast for EPS of $0.72 on revenue of $10.38B.
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