General Dynamics (NYSE:GD) reported third quarter earnings that beat analyst's expectations on Wednesday and revenue that fell short of forecasts.
The firm reported earnings per share of $2.89 on revenue of $9.09B. Analysts polled by forecast EPS of $2.75 on revenue of $9.4B. That compared to EPS of $2.52 on revenue of $7.68B in the same period a year earlier. The company had reported EPS of $2.62 on revenue of $9.19B in the previous quarter.
General Dynamics shares slightly moved 0.00% to trade at $187.75 in pre-market trade following the report.
For the year, General Dynamics shares are up 18.36%, outperforming the Dow 30 which is up 1.54% year to date.
General Dynamics follows other major Capital Goods sector earnings this month
On Tuesday, 3M (NYSE:MMM) reported third quarter EPS of $2.58 on revenue of $8.15B, compared to forecasts of EPS of $2.72 on revenue of $8.45B.
Honeywell (NYSE:HON) earnings beat analyst's expectations on Friday, with third quarter EPS of $2.03 on revenue of $10.76B. analysts expected EPS of $1.99 on revenue of $10.75B
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