Northrop Grumman Corporation (NOC) sells strongly worldwide, says Jim Cramer
Recently released Jim Kramer of 10 shares spoke as everyone said they won Trump’s Japanese trade.. Northrop Grumman Corporation (NYSE: NOC) is one of the stocks Jim Kramer has recently discussed.
Northrop Grumman Corporation (NYSE: NOC) is a well-known defense contractor found in the aircraft and missile industry. Its stock has grown 22% since the start of the year, with the majority being supported by a jump of 11% in July. Northrop Grumman Corporation (NYSE: NOC) shares spiked due to second quarter earnings report. The company’s $10.35 billion revenue also won an analyst estimate of $107 billion. In his previous remarks about Northrop Grumman Corporation (NYSE: NOC), Cramer called the company catastrophic after its first quarter results. This time he hit another tone:
“And Northrop Grumman, for sales around the world. So there are a lot of divergence in many different industries.”
Here’s what Cramer said about Northrop Grumman Corporation (NYSE: NOC) after the results of Q1:
“Finally, we have Northrop Grumman, who was the fool of the day. He reported severe topline and revenue errors in the first quarter, and the full year revenue reductions are forecast to be fairly large. Now there are both error and forecast reductions.
Photo by NASA Above interpretation
That being said, even if you add that or add the impact from the B-21 charging, Northrop Grumman would still have missed out on sales and revenue estimates. It would have been just a minor disappointment. These Northrop Grumman results were the worst days since 2008, down $67 or nearly 13%, as they were not merely in the sniffing state. This is now in the penalty box. ”
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Read next: 30 stocks that double in three years and 11 Hidden AI Strains Buy Now.
Disclosure: None. This article was originally published Insider Monkey.