General Dynamics Reports Third-Quarter 2016 Results
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Jefferies Raises Price Target on General Dynamics (GD) Following 3Q
October 27, 2016 9:40 AM EDTJefferies reiterated a Buy rating on General Dynamics Corp. (NYSE: GD), and raised the price target to $175.00 (from $167.00), following the company's 3Q earnings report. Jefferies reported revenues of $7.7BB, down 3.3% y-o-y, but nearly matched estimates. Aerospace sales declined 13.9% to $2.0BB due to lower deliveries of... More
General Dynamics (GD) Tops Q3 EPS by 10c
October 26, 2016 7:31 AM EDTGeneral Dynamics (NYSE: GD) reported Q3 EPS of $2.48, $0.10 better than the analyst estimate of $2.38. Revenue for the quarter came in at $7.73 billion versus the consensus estimate of $7.91 billion.
General Dynamics' total backlog at the end of third-quarter 2016 was $62 billion. There was solid demand... More
