By Kimberly Chin

Northrop Grumman Corp.'s (NOC) earnings rose modestly in the first quarter on stronger performance from its innovation systems segment, though the company took a $96 million pre-tax charge in the quarter due to amortization and property, plant, and equipment depreciation.

The aerospace and defense company reported net income of $863 million, or $5.06 a share, compared with $840 million, or $4.79 a share, a year earlier. Analysts polled by Refinitiv expected earnings of $4.60 a share.

Sales for the quarter rose 22% to $8.19 billion from a year earlier. Analysts expected sales of $8.33 billion.

Write to Kimberly Chin at kimberly.chin@wsj.com

(END) Dow Jones Newswires

April 24, 2019 06:58 ET (10:58 GMT)

Copyright (c) 2019 Dow Jones & Company, Inc.
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