General Dynamics: 2Q Earnings Snapshot
Posted Jul 29, 2020 07:09:45 AM.
Last Updated Jul 29, 2020 07:16:22 AM.
This article is more than 5 years old.
RESTON, Va. (AP) _ General Dynamics Corp. (GD) on Wednesday reported second-quarter profit of $625 million.
On a per-share basis, the Reston, Virginia-based company said it had profit of $2.18.
The results exceeded Wall Street expectations. The average estimate of seven analysts surveyed by Zacks Investment Research was for earnings of $2.14 per share.
The defence contractor posted revenue of $9.26 billion in the period, which also topped Street forecasts. Five analysts surveyed by Zacks expected $9.11 billion.
General Dynamics shares have decreased 16% since the beginning of the year, while the Standard & Poor’s 500 index has stayed nearly flat. The stock has declined 22% in the last 12 months.
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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on GD at https://www.zacks.com/ap/GD
The Associated Press
