General Dynamics stock set to snap longest losing streak in 4 years after earnings beat expectations

📆 25.10.2023 13:18:00
📰 MarketWatch

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Tomi Kilgore is MarketWatch's deputy investing and corporate news editor and is based in New York. You can follow him on Twitter @TomiKilgore.

Shares of General Dynamics Corp. GD climbed 1.9% in premarket trading Wednesday, putting them on track to snap a seven-session losing streak, after the aerospace and defense contractor beat third-quarter profit and revenue expectations as “strong demand” continued. Net income fell to $836 million, or $3.

04 a share, from $902 million, or $3.26 a share, in the year-ago period, but that beat the FactSet consensus for earnings per share of $2.91. Revenue grew 6.0% to $10.57 billion, above the FactSet consensus of $10.05 billion, as better-than-expected revenue from the company’s marine systems, combat systems and technologies...

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