No Good Deed Goes Unpunished at Northrop Grumman, as Cost Improvements Cut Profits in Half

In This Article: Northrop Grumman (NYSE: NOC) stock is in a funk. With the company reporting earnings on Tuesday, the stock promptly tanked 12.6%. Rebounding briefly on Wednesday, Northrop then proceeded to resume sliding a day later before bouncing again on Friday. Northrop Grumman Q1…