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Stock impact report

General Dynamics Is Soaring on a Beat-and-Raise Quarter [Yahoo! Finance]

General Dynamics Corporation (GD) 
Last general dynamics corporation earnings: 4/29 07:00 am Check Earnings Report
US:NYSE Investor Relations: investorrelations.gd.com
Company Research Source: Yahoo! Finance
The analyst who called NVIDIA in 2010 just named his top 10 stocks and General Dynamics wasn't one of them. Get them here FREE General Dynamics NYSE: GD ) reported before the open this morning and the market liked what it saw. Shares are up 10.52% in noon trading after a clean beat on the top and bottom line, paired with raised full-year guidance and a torrent of new orders. I thought the order book was the story, but the cash conversion was a close second. Orders Pour In, Backlog Explodes Every segment grew, but the standout was bookings. Quarterly orders topped $26 billion, with $26.6 billion in defense bookings driving a 2-to-1 consolidated book-to-bill and a 2.2x defense book-to-bill. Total backlog reached $130.8 billion, up 47.5% year over year, and total estimated contract value climbed to $188.4 billion. Marine Systems carried the revenue line, growing 21.0% to $4.343 billion with operating earnings up 26.4%. Aerospace margins also expanded to 15.0% from 14.3%, with Gu Show less Read more
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