Investors Shrug Following Northrop Grumman's Earnings Beat

Investors Shrug Following Northrop Grumman's Earnings Beat

Northrop Grumman (NYSE: NOC) reported its fiscal Q2 2017 earnings on Wednesday. Investors  responded to the news by first selling Northrop stock on Wednesday, selling it a bit more on Thursday, and then, finally, buying it back on Friday. By the time trading closed for the week, Northrop Grumman stock was basically back where it stood before earnings -- up just a nickel at $264.10 a share.

Why such a weak response to such a strong report?

Northrop's Global Hawk surveillance drone. Image source: Northrop Grumman.

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Source: Fool.com