Gen Dynamics (NYSE:GD)
Historical Stock Chart
3 Months : From Apr 2019 to Jul 2019
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 firstname.lastname@example.org
(END) Dow Jones Newswires
April 24, 2019 08:38 ET (12:38 GMT)
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