Northrop Grumman slumps after quarterly profit halves

ReutersApr 22, 2025 11:54 AM

Shares of defense contractor Northrop Grumman NOC.N fall 10% to $477 premarket

NOC posts 49% drop in Q1 profit from losses on B-21 stealth bomber program due to higher manufacturing costs

Co reports per-share profit of $3.32, compared with the $6.32 it posted a year earlier

NOC posts Q1 sales of $9.47 bln, down 7% from the $10.13 bln it posted a year earlier

As of last close, stock up 13% YTD

Disclaimer: The information provided on this website is for educational and informational purposes only and should not be considered financial or investment advice.

Recommended Articles

Intel vs. AMD: Intel Stock Tops a Four-Decade High, but AMD May Be the Better Buy

TradingKey - On April 24, Intel’s (INTC) shares soared to their highest level since 1987 following a strong earnings report. The rally highlighted how quickly sentiment has shifted for Intel stock, and illustrated the market waking up to a new source of demand in data centers. A brewing CPU upgrade

Latest Progress in U.S.-Iran Peace Talks: Iran Refuses to Meet U.S. Officials, How Will International Oil Prices Trend?

TradingKey - According to the latest reports, the second round of US-Iran negotiations remains inconclusive. The U.S. plans to dispatch negotiators to Pakistan this Saturday (April 25), but Iran has stated it has no intention of meeting directly with U.S. officials. Currently, Pakistan's Chief of Army Staff Asim Munir has held a meeting with Iranian Foreign Minister Abbas Araghchi in Islamabad.

Google Bets $40B on Anthropic: Is Google Cloud the New Growth Engine as Meta Challenges Ad Dominance?

TradingKey - According to Bloomberg, Google will invest $10 billion in AI startup Anthropic, with a potential additional $30 billion in the future to strengthen their partnership. Under the agreement, Google Cloud will provide Anthropic with 5 gigawatts (GW) of computing power over the next five yea

Intel Posts Best Day Since 1987 as Nvidia Market Cap Reclaims $5 Trillion: Is the AI Trade Overstretched?

TradingKey - On Friday, April 24 (ET), Intel (INTC) closed up 23.6%, marking its best single-day performance since October 1987. Nvidia (NVDA) shares closed up 4.32% at $208.27, breaking the previous record set on October 29, with its closing market capitalization surpassing $5 trillion.

Nebius Stock: Can This AI Infrastructure Play Really Double in 2026?

TradingKey - As of late 2025, Nebius has become perhaps the most highly correlated stock with one of the leading sectors within the AI sector: InfrastructuRecent numbers provide clear evidence of this growth: Quarterly revenue grew 355% compared to the same quarter last year, total revenue for 2020

Featured Tools