General Dynamics Earnings: Everything You Must Know Now

General Dynamics Corp. (NYSE:GD) delivered a profit and beat Wall Street’s expectations, AND beat the revenue expectation. The revenue beat is a positive sign to shareholders seeking high growth out of the company.

General Dynamics Corp. Earnings Cheat Sheet

Results: Adjusted Earnings Per Share increased 2.26% to $1.81 in the quarter versus EPS of $1.77 in the year-earlier quarter.

Revenue: Decreased 0.14% to $7.91 billion from the year-earlier quarter.

Actual vs. Wall St. Expectations: General Dynamics Corp. reported adjusted EPS income of $1.81 per share. By that measure, the company beat the mean analyst estimate of $1.62. It beat the average revenue estimate of $7.73 billion.

Quoting Management: “General Dynamics’ performance in the second quarter shows the results of our focus on operational excellence and discipline in our execution,” said Phebe N. Novakovic, chairman and chief executive officer. “We are committed to being the highest-value producer in each of the markets we serve, and to creating additional value through continuous improvement and shareholder-friendly capital deployment.”

Key Stats (on next page)…

Revenue increased 6.85% from $7.4 billion in the previous quarter. EPS increased 11.73% from $1.62 in the previous quarter.

Looking Forward: Analysts have a more negative outlook for the company’s next-quarter performance. Over the past three months, the average estimate for next quarter’s earnings has fallen from a profit of $1.70 to a profit $1.69. For the current year, the average estimate has moved up from a profit of $6.69 to a profit of $6.75 over the last ninety days.

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(Company fundamentals provided by Xignite Financials. Email any earnings discrepancies to earnings [at] wallstcheatsheet.com)

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