Investing.com - Northrop Grumman (NYSE:NOC) reported on Thursday third quarter earnings that beat analysts' forecasts and revenue that topped expectations.
Northrop Grumman announced earnings per share of $5.89 on revenue of $9.08B. Analysts polled by Investing.com anticipated EPS of $5.62 on revenue of $8.87B.
Northrop Grumman shares are down 10% from the beginning of the year and are trading at $308.37 , down-from-52-week-high.They are under-performing the S&P 500 which is up 6.34% from the start of the year.
Northrop Grumman follows other major Technology sector earnings this month
Northrop Grumman's report follows an earnings matched by Taiwan Semiconductor on Wednesday, October 14, 2020, who reported EPS of $0.92 on revenue of $12.4B, compared to forecasts EPS of $0.92 on revenue of $12.4B.
Danaher had beat expectations on Thursday with third quarter EPS of $1.72 on revenue of $5.88B, compared to forecast for EPS of $1.36 on revenue of $5.51B.
Stay up-to-date on all of the upcoming earnings reports by visiting Investing.com's earnings calendar