Northrop Q3 profit up 51 percent
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SAN FRANCISCO (CBS.MW) - Northrop Grumman said Wednesday its third-quarter profit rose 51 percent as higher sales of ships and missiles contributed to wider operating margins.
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The companyâs third-quarter profit beat expectations, lifted by an extra week of holiday shopping and sales of video game consoles and GPS devices.
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Cosmetics manufacturer Estee Lauder  Cos. Inc. EL.N on Tuesday said quarterly net income jumped 51  percent, bolstered by new product sales and an improving U.S.  retail market.
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Oil services company Halliburton Co  on Sunday said third-quarter net profit rose 19 percent, helped by a tax benefit, new international contracts and higher activity from its customers.
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Top-tier defense contractors Northrop Grumman Corp  and General Dynamics Corp  posted higher third-quarter profit on Wednesday and raised their financial forecasts on the back of strong U.S. military spending.
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The company said third-quarter profit rose more than expected, boosted by higher aircraft deliveries, but it scaled back next yearâs forecast due to delays on its  787 Dreamliner.
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Synnex beat Wall Street estimates and reported a 50 percent increase in net income for the third quarter ended Aug. 31, and a 29-percent increase in sales.
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Defense contractor Northrop Grumman  Corp. NOC.N said quarterly profit rose 31 percent, helped by  higher government spending on its military equipment and  anthrax-screening products, plus the effect of lower pension  costs.
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Northrop Grumman Corp. NOC.N  reported higher third-quarter earnings on Wednesday and an 11  percent increase in sales on strength in its mission systems,  integrated systems, ships and space technology businesses.
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Diversified manufacturer 3M Co  reported higher operating earnings Tuesday on strength in its health-care and international businesses.
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The drugmaker posted third-quarter net income of $1.53 billion as revenues increased by double digits, while lower costs offset more spending on research and development.
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The increased spending on the military helped drive a sharp increase in profits at plane-maker Boeing and defence contractor Northrop Grumman during the third quarter.
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Swiss pharmaceuticals giant Novartis AG on Thursday reported a 21 percent rise in third-quarter net profit to $1.55 billion.
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Dutch financial-services group Aegon N.V. said third-quarter net income rose 3%, as growth in its core life insurance, pensions and savings businesses continued across all country markets.
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First Industrial Realty Trust (FR.N) on Monday raised its profit forecast for the third quarter and full year, citing higher gains from the sale of properties owned by its joint venture.
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Nike Inc  posted on Thursday a 51 percent rise in quarterly net profit, helped by a tax benefit and a weak-dollar boost to revenue, and its shares rose 1.6 percent as the results topped Wall Street targets.
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Northrop Grumman Corp. NOC.N  reported higher third-quarter earnings on Wednesday and an 11-  percent increase in sales on strength in its mission systems,  integrated systems, ships and space technology businesses.