Newport News' Second Quarter Earnings Beat Analysts' Expectations

By John Liang / July 17, 2001 at 5:00 AM
Newport News today reported second quarter 2001 earnings per share of 86 cents, up 16 percent from last year and three cents above analysts' expectations. According to Thomson/First Call, the consensus forecast among financial analysts who track aerospace and defense issues was 83 cents per share for NNS. Newport News is in a "quiet period" due to competing acquisition offers by General Dynamics and Northrop Grumman and thus did not conduct a conference call with analysts, according to an NNS...

Not a subscriber? Sign up for 30 days free access to exclusive, behind-the-scenes reporting on defense policy and procurement.

Log in to access this content.