General Dynamics Corp reports results for the quarter ended September 30 - Earnings Summary

• General Dynamics Corp GD.N reported quarterly adjusted earnings of $4.49​​ per share for the quarter ended September 30, higher than the same quarter last year, when the company reported EPS of $3.88. The mean expectation of twenty one analysts for the quarter was for earnings of $4.13 per share. Wall Street expected results to range from $3.97 to $4.26 per share.

• Revenue rose 12.9% to $14.57 billion from a year ago; analysts expected $13.73 billion.

• General Dynamics Corp's reported EPS for the quarter was $4.49​.

• The company reported quarterly net income of $1.23 billion.

• General Dynamics Corp shares had risen by 11.7% this quarter and gained 10.1% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had risen by about 0.5% in the last three months.​

• In the last 30 days, five analysts negatively revised earnings estimates

RECOMMENDATIONS

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 15 "strong buy" or "buy," 9 "hold" and 1 "sell" or "strong sell." The average consensus recommendation for the aerospace & defense peer group is also "buy"

• Wall Street's median 12-month price target for General Dynamics Corp is $409.34, about 9.4% above its last closing price of $370.82

This summary was machine generated from LSEG data October 30 at 01:32 p.m. UTC. ​All figures in US dollars unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com)