Northrop Grumman profit up 5 pct, raises 2014 earnings view

July 23 Wed Jul 23, 2014 7:09am EDT

July 23 (Reuters) - U.S. weapons maker Northrop Grumman Corp reported a 5 percent rise in quarterly profit and raised its 2014 earnings forecast.

The company's net income rose to $511 million, or $2.37 per share, in the second quarter ended June 30, from $488 million, or $2.05 per share, a year earlier.

Revenue fell 4 percent to $6.04 billion.

The company said it expected 2014 earnings to be between $9.15 per share and $9.35 per share, up from its previous forecast of $8.90-$9.15 per share. (Reporting by Sweta Singh in Bangalore; Editing by Saumyadeb Chakrabarty)

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