Investing.com - General Dynamics (NYSE:GD) reported first quarter earnings that beat analysts' expectations on Wednesday and revenue that topped forecasts.
The firm reported earnings per share of $2.56 on revenue of $9.26B. Analysts polled by Investing.com forecast EPS of $2.43 on revenue of $8.84B. That compared to EPS of $2.65 on revenue of $7.54B in the same period a year earlier. The company had reported EPS of $3.07 on revenue of $10.38B in the previous quarter.
General Dynamics shares gained 0.22% to trade at $182.78 in pre-market trade following the report.
General Dynamics shares gained 0.22% to trade at $182.78 in pre-market trade following the report.
For the year, General Dynamics shares are up 16%, under-performing the S&P 500 which is up 18.44% year to date.
General Dynamics follows other major Capital Goods sector earnings this month
On Wednesday, Boeing reported first quarter EPS of $3.16 on revenue of $22.92B, compared to forecasts of EPS of $3.23 on revenue of $23.05B.
Honeywell earnings beat analyst's expectations on Thursday, April 18, 2019, with first quarter EPS of $1.92 on revenue of $8.88B. Investing.com analysts expected EPS of $1.83 on revenue of $8.63B
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