General Dynamics: 3Q Earnings Snapshot
FALLS CHURCH, Va. (AP) _ General Dynamics Corp. (GD) on Wednesday reported third-quarter net income of $913 million.
The Falls Church, Virginia-based company said it had profit of $3.14 per share.
The results beat Wall Street expectations. The average estimate of six analysts surveyed by Zacks Investment Research was for earnings of $3.06 per share.
The defense contractor posted revenue of $9.76 billion in the period, also topping Street forecasts. Four analysts surveyed by Zacks expected $9.68 billion.
General Dynamics shares have increased 14% since the beginning of the year, while the Standard & Poor’s 500 index has increased 20%. The stock has fallen slightly more than 5% in the last 12 months.