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Stock Market & Financial Investment News

News Breaks
December 4, 2012
05:09 EDTNOC, ROC, ERJNorthrop Grumman provides gyro-compass navigation system for Embraer Legacy jet
Northrop Grumman (NOC), in cooperation with prime contractor Rockwell Collins (ROC), provided the attitude and heading reference system, or AHRS, that recently supported the first flight of the new Embraer (ERJ) Legacy 500 executive jet.
News For NOC;ROC;ERJ From The Last 14 Days
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October 22, 2014
07:05 EDTNOCNorthrop Grumman raises FY14 EPS view to $9.40-$9.50, consensus $9.35
Prior FY14 EPS view $9.15-$9.35. Sees FY14 sales about $23.8B, versus prior view of $23.5B-$23.8B, consensus $23.71B. Backs FY14 free cash flow $1.7B-$2B.
07:03 EDTNOCNorthrop Grumman reports Q3 adjusted EPS $2.26, consensus $2.14
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October 21, 2014
15:35 EDTNOCNotable companies reporting before tomorrow's open
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08:06 EDTNOCNorthrop Grumman by Airbus Helicopters
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October 20, 2014
06:10 EDTERJLufthansa publishes timetable in response to VC planned strike
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October 17, 2014
11:58 EDTERJTextron rallies after better than expected Q3 EPS, raising FY14 profit outlook
Shares of aircraft and defense company Textron (TXT) are advancing after the firm reported better than expected third quarter earnings per share and raised its profit outlook for fiscal 2014. WHAT'S NEW: Textron this morning reported Q3 EPS from continuing operations of 57c and revenue of $3.43B, compared to consensus of 52c and $3.63B, respectively. Aviation revenue for the quarter came in at $1.08B, Bell revenue was $1.18B, Systems revenue was $358M, Industrial revenue was $785M and Finance revenue was $25M for the quarter. Chief Executive Officer Scott Donnelly said commented that the increased revenues at Aviation, Industrial and Bell primarily reflected the success of its new product investment and acquisition strategies. Donnelly said the company achieved significant margin improvement in the quarter at Textron Aviation, which reflected higher volumes and better performance. Bell also had improved performance in Q3, Donnelly said, leading to an increase in quarterly margins compared to last year. WHAT’S NOTABLE: The company raised its FY14 EPS from continuing operations view to $2.05-$2.15 from $1.92-$2.12, in line with analysts' consensus estimates of $2.07. Textron also raised its FY14 outlook for cash flow from continuing operations of the manufacturing group before pension contributions to $700M-$800M, with expected pension contributions of around $83M. On the company's earnings conference call, management said it saw a pickup of orders in September and October in the new aircraft market. The company said it is also seeing significant contributions from its M&A investments. PRICE ACTION: In late morning trading, Textron rose $4.16, or about 12.4%, to $37.82 on heavy trading volume. Including today’s advance, the stock has gained approximately 36% over the past twelve months. OTHERS TO WATCH: Other companies in the aircraft and defense business include Boeing (BA), up 2.6%, Spirit Aerosystems (SPR), up 3.8%, and Embraer SA (ERJ) up 3.9%.
October 15, 2014
10:01 EDTNOCNorthrop Grumman awarded contract from Lockheed
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October 9, 2014
17:14 EDTERJEmbraer breaks ground on 500/450 assembly facility
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13:56 EDTNOCObama calls on Congress to lift defense spending cuts, Politico says
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October 8, 2014
07:52 EDTNOCNorthrop Grumman selects ANSYS solutions for Black Hawk cockpit system
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