Northrop Grumman (NOC) reported Q1 earnings Tuesday of $3.32 per diluted share, down from $6.32 a year earlier.

Analysts polled by FactSet expected $6.25.

Sales for the quarter ended March 31 were $9.47 billion, down from $10.13 billion a year earlier.

Analysts surveyed by FactSet expected $9.92 billion.

The company said it now expects 2025 adjusted EPS of $24.95 to $25.35, down from $27.85 to $28.25 previously. Analysts polled by FactSet expect $28.11. Northrop Grumman reiterated its 2025 sales guidance of $42 billion to $42.50 billion. Analysts polled by FactSet expect $42.33 billion.

Shares of Northrop Grumman were down more than 8% in recent premarket activity Tuesday.