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

📆 10/25/2023 11:18 AM
📰 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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The Dow’s 4 earnings reporters’ stocks are adding about 60 points to the Dow’s priceTomi Kilgore is MarketWatch's deputy investing and corporate news editor and is based in New York. You can follow him on Twitter TomiKilgore.
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