
No Good Deed Goes Unpunished at Northrop Grumman, as Cost Improvements Cut Profits in Half
Northrop Grumman: Great defense contractor, but it's still an expensive stock. Northrop Grumman (NOC 2.20%) stock is in a funk. With the company reporting earnings on Tuesday, the stock promptly tanked 12.6%. Rebounding briefly on Wednesday, Northrop …