Tags: US | Earns | General | Dynamics

General Dynamics Raises View After Earnigns Rise

Wednesday, 27 Oct 2010 09:04 AM

General Dynamics says its third-quarter earnings rose 14 percent on strengthening sales for its business jets, military and commercial ships and technology support systems. The defense contractor also raised its forecast for the year.

The Falls Church, Va. company said Wednesday it earned $650 million, or $1.71 per share, compared with year-ago earnings of $572 million, or $1.48 per share.

Revenue rose 4 percent to $8 billion.

Thomson Reuters says analysts had expected a profit of $1.64 per share on revenue of $8.39 billion.

The company expects 2010 earnings from continuing operations, which leaves out some items, between $6.70 and $6.75 per share. It previously forecast $6.60 to $6.65 per share.

© Copyright 2017 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

 
1Like our page
2Share
Companies
General Dynamics says its third-quarter earnings rose 14 percent on strengthening sales for its business jets, military and commercial ships and technology support systems. The defense contractor also raised its forecast for the year.The Falls Church, Va. company said...
US,Earns,General,Dynamics
111
2010-04-27
Wednesday, 27 Oct 2010 09:04 AM
Newsmax Inc.
 

Newsmax, Moneynews, Newsmax Health, and Independent. American. are registered trademarks of Newsmax Media, Inc. Newsmax TV, and Newsmax World are trademarks of Newsmax Media, Inc.

NEWSMAX.COM
MONEYNEWS.COM
© Newsmax Media, Inc.
All Rights Reserved