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NOC - Why Has Northrop Grumman Stock Underperformed?
Northrop Grumman Corporation
2024-05-07 15:28:42 ET
Summary
Northrop Grumman Corporation stock underperformed the S&P 500, returning less than 2% compared to the index's 22% return.
The company reported a $1.56 billion charge on the B-21 program last year, leading to a significant decrease in earnings per share.
Q1 2024 earnings showed modest margin expansion, with sales growing 9% and operating income increasing 25%. However, Northrop Grumman stock is still rated as a hold with limited upside.