General Dynamics (GD) FY23 Guidance Misses Consensus
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General Dynamics forecasts weak 2023 as supply, labor challenges persist
January 25, 2023 7:09 AM ESTBy Nathan Gomes
(Reuters) - U.S. defense contractor General Dynamics Corp on Wednesday forecast lower-than-expected 2023 results, as the industry struggles with labor and supply shortages, though strong demand for weapons helped it beat quarterly estimates.
An "abnormally high retirement" of workers has impacted General Dynamics' electric boat unit, which assembles nuclear-powered submarines, company executives said on an investor call.
General Dynamics said it was working with the U.S. Navy to mitigate the effect of... More
General Dynamics (GD) Tops Q4 EPS by 3c
January 25, 2023 7:02 AM ESTGeneral Dynamics (NYSE: GD) reported Q4 EPS of $3.58, $0.03 better than the analyst estimate of $3.55. Revenue for the quarter came in at $10.85 billion versus the consensus estimate of $10.68 billion.
For earnings history and earnings-related data on General Dynamics (GD) click here.
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