Northrop Reports Q2 Double Beat, Record Backlog — Stock Falls Anyway
Northrop Grumman Corporation (NYSE: NOC ) shares are trading lower Tuesday after the company reported second-quarter financial results. Northrop Grumman shares are retreating from recent levels. Why is NOC stock falling? Beats Q2 Estimates, Backlog Hits Record $104.7B Northrop reported GAAP earnings per share of $7.68,