Latest news with #B21Bomber
Yahoo
2 days ago
- Business
- Yahoo
Northrop Grumman Corporation (NOC) Has Strong Worldwide Sales, Says Jim Cramer
We recently published . Northrop Grumman Corporation (NYSE:NOC) is one of the stocks Jim Cramer recently discussed. Northrop Grumman Corporation (NYSE:NOC) is a well-known defense contractor with a presence in the aircraft and missile industries. Its shares have gained 22% year-to-date, helped in large part by an 11% jump in July. Northrop Grumman Corporation (NYSE:NOC)'s stock soared due to its second-quarter earnings report, which saw the firm raise its midpoint full-year profit-per-share forecast to $25.20 from an earlier $25.15. The firm's $10.35 billion in revenue also beat analyst estimates of $10.07 billion. In his previous remarks about Northrop Grumman Corporation (NYSE:NOC), Cramer called the firm catastrophic after its Q1 results. This time, he struck a different tone: 'And Northrop Grumman, for worldwide sales. So we're seeing a lot of bifurcation in a lot of different industries.' Here's what Cramer said about Northrop Grumman Corporation (NYSE:NOC) after its Q1 results: 'Finally, there's Northrop Grumman, which was the dud of the day, reporting a severe top and bottom line miss for the first quarter, and cutting its full year earnings forecast pretty substantially. Now there's some important context here. Both the miss and the forecast cut were related to Northrop Grumman's next-generation B-21 bomber program. They're taking a hit on the higher cost as they try to ramp up production. Photo by NASA on Unsplash That said, even if you add that back, the impact from the B-21 charge, Northrop Grumman still would've missed the sales and earnings estimate. It just would've been a smaller disappointment. These Northrop Grumman results simply weren't up to snuff, so the stock had its worst day since 2008 today, falling $67 or nearly 13%. This one's now in the penalty box.' While we acknowledge the potential of NOC as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an extremely cheap AI stock that is also a major beneficiary of Trump tariffs and onshoring, see our free report on the . READ NEXT: 30 Stocks That Should Double in 3 Years and 11 Hidden AI Stocks to Buy Right Now. Disclosure: None. This article is originally published at Insider Monkey.
Yahoo
2 days ago
- Business
- Yahoo
Northrop Grumman Corporation (NOC) Has Strong Worldwide Sales, Says Jim Cramer
We recently published . Northrop Grumman Corporation (NYSE:NOC) is one of the stocks Jim Cramer recently discussed. Northrop Grumman Corporation (NYSE:NOC) is a well-known defense contractor with a presence in the aircraft and missile industries. Its shares have gained 22% year-to-date, helped in large part by an 11% jump in July. Northrop Grumman Corporation (NYSE:NOC)'s stock soared due to its second-quarter earnings report, which saw the firm raise its midpoint full-year profit-per-share forecast to $25.20 from an earlier $25.15. The firm's $10.35 billion in revenue also beat analyst estimates of $10.07 billion. In his previous remarks about Northrop Grumman Corporation (NYSE:NOC), Cramer called the firm catastrophic after its Q1 results. This time, he struck a different tone: 'And Northrop Grumman, for worldwide sales. So we're seeing a lot of bifurcation in a lot of different industries.' Here's what Cramer said about Northrop Grumman Corporation (NYSE:NOC) after its Q1 results: 'Finally, there's Northrop Grumman, which was the dud of the day, reporting a severe top and bottom line miss for the first quarter, and cutting its full year earnings forecast pretty substantially. Now there's some important context here. Both the miss and the forecast cut were related to Northrop Grumman's next-generation B-21 bomber program. They're taking a hit on the higher cost as they try to ramp up production. Photo by NASA on Unsplash That said, even if you add that back, the impact from the B-21 charge, Northrop Grumman still would've missed the sales and earnings estimate. It just would've been a smaller disappointment. These Northrop Grumman results simply weren't up to snuff, so the stock had its worst day since 2008 today, falling $67 or nearly 13%. This one's now in the penalty box.' While we acknowledge the potential of NOC as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an extremely cheap AI stock that is also a major beneficiary of Trump tariffs and onshoring, see our free report on the . READ NEXT: 30 Stocks That Should Double in 3 Years and 11 Hidden AI Stocks to Buy Right Now. Disclosure: None. This article is originally published at Insider Monkey.
Associated Press
18-05-2025
- Business
- Associated Press
INVESTOR ALERT: Pomerantz Law Firm Investigates Claims On Behalf of Investors of Northrop Grumman Corporation
NEW YORK, May 18, 2025 (GLOBE NEWSWIRE) -- Pomerantz LLP is investigating claims on behalf of investors of Northrop Grumman Corporation ('Northrop Grumman' or the 'Company') (NYSE: NOC). Such investors are advised to contact Danielle Peyton at [email protected] or 646-581-9980, ext. 7980. The investigation concerns whether Northrop Grumman and certain of its officers and/or directors have engaged in securities fraud or other unlawful business practices. [Click here for information about joining the class action] On April 22, 2025, Northrop Grumman issued a press release announcing its financial results for the first quarter of 2025. Among other items, Northrop Grumman reported revenue of $9.47 billion, representing a 7% year-over-year decline and missing consensus estimates by $480 million. The Company's results included a charge of $477 million pretax tied to manufacturing updates related to its B-21 bomber program. On a related earnings call, Northrop Grumman's Chief Executive Officer attributed the 'charges on the [B-21 bomber] program' largely to 'inflationary factors[.]' On this news, Northrop Grumman's stock price fell $67.25 per share, or 12.66%, to close at $464.08 per share on April 22, 2025. Pomerantz LLP, with offices in New York, Chicago, Los Angeles, London, Paris, and Tel Aviv, is acknowledged as one of the premier firms in the areas of corporate, securities, and antitrust class litigation. Founded by the late Abraham L. Pomerantz, known as the dean of the class action bar, Pomerantz pioneered the field of securities class actions. Today, more than 85 years later, Pomerantz continues in the tradition he established, fighting for the rights of the victims of securities fraud, breaches of fiduciary duty, and corporate misconduct. The Firm has recovered numerous multimillion-dollar damages awards on behalf of class members. See Attorney advertising. Prior results do not guarantee similar outcomes. CONTACT: Danielle Peyton Pomerantz LLP
