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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 | |
|---|---|---|---|---|---|---|---|---|
| -0.40 | -0.14% | 284.50 | 286.77 | 282.80 | 284.73 | 1,244,206 | 01:00:00 |
From Apr 2019 to Apr 2024
By Dave Sebastian
General Dynamics Corp. (GD) reported higher profit in the second quarter as sales rose, beating analysts' expectations.
The aerospace and defense company posted $806 million in profit, or $2.77 a share, up from the comparable quarter last year's $786 million, or $2.62 a share. Analysts polled by FactSet were expecting $781.2 million, or $2.68 a share.
Revenue for the quarter was $9.56 billion, compared with $9.19 billion in the prior year. Analysts expected $9.36 billion.
The company's combat-, mission- and marine-systems segments, as well as it aerospace division, saw a rise in revenue. The information-technology segment saw a decline.
General Dynamics said its backlog at the end of the quarter was $67.7 billion. Its total estimated contract value, which is the sum of all backlog components, was $101.9 billion, up 3% from the prior year.
Write to Dave Sebastian at dave.sebastian@wsj.com
(END) Dow Jones Newswires
July 24, 2019 08:06 ET (12:06 GMT)
Copyright (c) 2019 Dow Jones & Company, Inc.
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