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Northrop Grumman profit rises 15 pct on lower tax expenses
2016年4月27日 / 上午10点37分 / 2 年前

Northrop Grumman profit rises 15 pct on lower tax expenses

April 27 (Reuters) - Northrop Grumman Corp, the maker of Global Hawk surveillance planes, reported a near 15 percent rise in quarterly profit, helped by lower tax expenses.

The company’s net income rose to $556 million, or $3.03 per share, in the first quarter ended March 31, from $484 million, or $2.41 per share, a year earlier.

Total sales were nearly flat at $5.96 billion.

Federal and foreign income tax expense fell 45.5 percent to $120 million. (Reporting by Sweta Singh in Bengaluru; Editing by Savio D‘Souza)

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