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| Share Name | Share Symbol | Market | Type |
|---|---|---|---|
| General Dynamics Corporation | NYSE:GD | NYSE | Common Stock |
| Price Change | % Change | Share Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|
| 3.24 | 1.12% | 291.38 | 291.61 | 289.46 | 289.47 | 870,255 | 21:15:03 |
From May 2019 to May 2024
By Kimberly Chin
General Dynamics Corp. (GD) reported its net profit slid 6.8% in the first quarter, falling short of analysts' expectations.
The aerospace and defense company said its net profit was $745 million, or $2.56 a share, compared with $799 million, or $2.65 a share, a year earlier. Analysts polled by Refinitiv forecast earnings of $3.03 a share.
Sales rose 23% to $9.26 billion from a year ago. Analysts expected $10.36 billion.
General Dynamics said revenue at its aerospace unit grew 23% from a year earlier to $2.24 billion, while revenue in the combat systems unit gained 14% to $1.64 billion.
Sales in information technology surged 91% to $2.17 billion, while mission systems sales gained 5.5% to $1.16 billion.
Write to Kimberly Chin at kimberly.chin@dowjones.com
(END) Dow Jones Newswires
April 24, 2019 08:38 ET (12:38 GMT)
Copyright (c) 2019 Dow Jones & Company, Inc.
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