Investing.com - General Dynamics (NYSE:GD) reported second quarter earnings that beat analysts' expectations on Wednesday and revenue that topped forecasts.
The firm reported earnings per share of $2.77 on revenue of $9.56B. Analysts polled by Investing.com expected EPS of $2.69 on revenue of $9.35B. That compared to EPS of $2.62 on revenue of $9.19B in the same period a year earlier. The company had reported EPS of $2.56 on revenue of $9.26B in the previous quarter.
General Dynamics shares gained 0.53% to trade at $186.95 in intra-day trade following the report.
General Dynamics shares gained 0.53% to trade at $186.95 in intra-day trade following the report.
For the year, General Dynamics shares are up 18.92%, under-performing the S&P 500 which is up 21.51% year to date.
General Dynamics follows other major Capital Goods sector earnings this month
On Wednesday, Boeing reported second quarter EPS of $-5.82 on revenue of $15.75B, compared to forecasts of EPS of $1.87 on revenue of $19.21B.
Honeywell earnings beat analyst's expectations on Thursday, July 18, 2019, with second quarter EPS of $2.1 on revenue of $9.24B. Investing.com analysts expected EPS of $2.08 on revenue of $9.35B
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