Getting your player ready...
The defense contractor said Tuesday that its second-quarter profit rose 8 percent as sales jumped 10 percent on strong performance in its shipbuilding and aerospace segments.
The Los Angeles-based company reported net income of $495 million, $1.44 per share, in the quarter ending June 30. That compares with earnings of $460 million, $1.31 per share, in the year-ago period.
Excluding discontinued operations, Northrop earned $1.40 per share in the latest quarter — meeting the average forecast of analysts surveyed by Thomson Financial. Revenue rose nearly 10 percent to $8.63 billion.
