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0.000574332818505058 0.000682446751194274 0.00165188032039081 0.00231672712905421 0.00770446463848275 0.00969792751697133 0.00969792751697133 0.00969792751697133
Stock impact report

Why General Dynamics Stock Is Losing Ground Today [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
Shares traded down nearly 6% as of 12:30 p.m. ET on Wednesday following a bottom-line miss. Gulfstream in a holding pattern General Dynamics stock came into earnings season up about 13% for the year, well above the break-even performance of most defense suppliers . The company's combination of business jet and defense assets seemed poised for above-average earnings in 2024, making it a top pick among investors. But the company's Gulfstream unit didn't get its new G700 business jet certified by year's end, as hoped, and the delay took a toll on earnings. Earnings per share were $2.88 in the quarter on revenue of $10.7 billion, a mixed result compared to Wall Street's consensus estimates of $2.93 in EPS on revenue of $10.3 billion. "Our businesses delivered solid operating results in the quarter, growing revenue and backlog, while expanding margins, even as we awaited G700 certification," CEO Phebe N. Novakovic said in a statement. "In the aerospace segment, the recent FAA cer Show less Read more
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