Jefferies Raises Price Target on General Dynamics (GD) Following 3Q
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General Dynamics Reports Third-Quarter 2016 Results
October 26, 2016 7:30 AM EDTFALLS CHURCH, Va., Oct. 26, 2016 /PRNewswire/ --Â
Operating earnings up 3.4% to $1.07 billion Operating margin of 13.8%, a 90 basis-point improvement Earnings from continuing operations up 4.6% to $767 million; return on sales reaches new high of 9.9% Diluted earnings per share from continuing operations of $2.48, up 8.8%General Dynamics (NYSE: GD) today reported third-quarter 2016 earnings from continuing operations of $767 million, a 4.6 percent increase over the year-ago quarter, on revenue of $7.7 billion. Diluted earnings per share from continuing operations were $2.48 compared to $2.28 in third-quarter 2015, an 8.8 percent increase.
Net earnings for... More
