General Dynamics Corp. (GD) PT Raised to $222 at Vertical Research Partners
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General Dynamics profit beats on higher sales, raises guidance
July 28, 2021 7:09 AM EDTBy Sanjana Shivdas and Mike Stone
(Reuters) -General Dynamics Corp beat Wall Street estimates for quarterly profit on Wednesday as the defense contractor benefited from higher sales in its combat systems and technologies divisions.
Its shares rose 2.9% in early trading before settling back down.
The second-quarter earnings report comes a year after the global pandemic first hit the aerospace and defense industry supply chain, causing shutdowns, shortages and months of delays that continue... More
General Dynamics (GD) Tops Q2 EPS by 7c
July 28, 2021 7:05 AM EDTGeneral Dynamics (NYSE: GD) reported Q2 EPS of $2.61, $0.07 better than the analyst estimate of $2.54. Revenue for the quarter came in at $9.2 billion versus the consensus estimate of $9.3 billion.
Backlog at the end of second-quarter 2021 was $89.2 billion.
"The company performed impressively this quarter,... More
