Northrop Grumman Lifts Forecast for Full Year
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Northrop Grumman Corp., the maker of Global Hawk drones, topped analysts’ profit estimates in the second quarter and boosted its full-year forecast.
Net income rose 4.7 percent to $511 million, or $2.37 a share, in the quarter, from $488 million, or $2.05, a year earlier, the company said today in a statement. The average estimate of 20 analysts surveyed by Bloomberg was $2.22 a share.