We use cookies to understand how you use our site and to improve your experience. This includes personalizing content and advertising. To learn more, click here. By continuing to use our site, you accept our use of cookies, revised Privacy Policy and Terms of Service.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
General Dynamics (GD) Tops Q3 Earnings; Misses Revenues
Read MoreHide Full Article
Falls Church, VA based General Dynamics Corporation (GD - Free Report) is one of the two contractors equipped to build nuclear-powered submarines. The company is well-renowned for the Virginia-class submarines and its Gulfstream aircraft.
However, the company is subject to high risks from budget cuts. As a result, the company is cautious and is proactively involved in lowering costs to fuel bottom line growth.
The company has reported positive earnings surprises in the last four quarters with an average beat of 6.54%.
We have mentioned below some of the vital information from this just-revealed announcement:
Earnings Beat
General Dynamics comfortably surpassed earnings estimates. Adjusted earnings per share came in at $2.48 compared to the Zacks Consensus Estimate of $2.37.
General Dynamics posted revenues of $7,731 million in third quarter, compared to our consensus estimate of $7,905 million.
Key Developments to Note
Total backlog at the end of the third quarter was $62 billion, down 9.8% year over year.
Stock Price
Following the earnings release, share prices for the company did not show any significant movement in the pre-market trading session.
Check back later for our full write up on this General Dynamics earnings report later!
Confidential from Zacks
Beyond this Tale of the Tape, would you like to see Zacks' best recommendations that are not available to the public? Our Executive VP, Steve Reitmeister, knows when key trades are about to be triggered and which of our experts has the hottest hand. Click to see them now>>
See More Zacks Research for These Tickers
Normally $25 each - click below to receive one report FREE:
Image: Bigstock
General Dynamics (GD) Tops Q3 Earnings; Misses Revenues
Falls Church, VA based General Dynamics Corporation (GD - Free Report) is one of the two contractors equipped to build nuclear-powered submarines. The company is well-renowned for the Virginia-class submarines and its Gulfstream aircraft.
However, the company is subject to high risks from budget cuts. As a result, the company is cautious and is proactively involved in lowering costs to fuel bottom line growth.
The company has reported positive earnings surprises in the last four quarters with an average beat of 6.54%.
Zacks Rank
Currently, General Dynamics has a Zacks Rank #3 (Hold), but that could definitely change following General Dynamics’ earnings report which was just released. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
We have mentioned below some of the vital information from this just-revealed announcement:
Earnings Beat
General Dynamics comfortably surpassed earnings estimates. Adjusted earnings per share came in at $2.48 compared to the Zacks Consensus Estimate of $2.37.
GENL DYNAMICS Price and EPS Surprise
GENL DYNAMICS Price and EPS Surprise | GENL DYNAMICS Quote
Revenue Miss
General Dynamics posted revenues of $7,731 million in third quarter, compared to our consensus estimate of $7,905 million.
Key Developments to Note
Total backlog at the end of the third quarter was $62 billion, down 9.8% year over year.
Stock Price
Following the earnings release, share prices for the company did not show any significant movement in the pre-market trading session.
Check back later for our full write up on this General Dynamics earnings report later!
Confidential from Zacks
Beyond this Tale of the Tape, would you like to see Zacks' best recommendations that are not available to the public? Our Executive VP, Steve Reitmeister, knows when key trades are about to be triggered and which of our experts has the hottest hand. Click to see them now>>