Northrop Grumman Q4 Earnings Outpace Defense Contractors Stocks

Northrop Grumman reported Q4 revenues of $11.71 billion, up 9.6% YoY, beating analysts' expectations by 0.7%. The company's stock is up 3.5% since reporting and currently trades at $683.79. Leonardo DRS reported Q4 revenues of $1.06 billion, up 8.1% YoY, outperforming analysts' expectations by 7%. The stock is up 18.2% since reporting and currently trades at $45.08. Overall, the 14 defense contractors stocks reported satisfactory Q4 results with revenues beating analysts' consensus estimates by 2.1%. Share prices are down 4.6% on average since the latest earnings results.