General Dynamics: Q2 Earnings Insights

Shares of General Dynamics GD rose 0.1% in pre-market trading after the company reported Q2 results.

Quarterly Results

Earnings per share fell 21.30% year over year to $2.18, which beat the estimate of $2.15.

Revenue of $9,264,000,000 declined by 3.05% from the same period last year, which beat the estimate of $8,950,000,000.

Guidance

General Dynamics hasn't issued any earnings guidance for the time being.

General Dynamics hasn't issued any revenue guidance for the time being.

Conference Call Details

Date: Jul 29, 2020

Time: 09:00 AM

ET Webcast URL: https://event.on24.com/eventRegistration/EventLobbyServlet?target=reg20.jsp&referrer=https%3A%2F%2Finvestorrelations.gd.com%2Fevents%2Fdefault.aspx&eventid=2395024&sessionid=1&key=46ABF85CA840DF49C3DE657417D4FCE6&regTag=&sourcepage=register

Recent Stock Performance

Company's 52-week high was at $193.76

52-week low: $100.55

Price action over last quarter: Up 13.74%

Company Overview

General Dynamics is a long-cycle defense contractor and business jet manufacturer. The firm's segments include aerospace, combat systems, marine, information technology, and mission systems. The company's aerospace segment creates Gulfstream business jets. Combat systems mostly produces land-based combat vehicles, such as the M1 Abrams tank. The marine subsegment creates nuclear-powered submarines, among other things. The information technology business primarily serves the government market. The mission systems segment focuses on products that provide command, control, computers, intelligence, surveillance, and reconnaissance capabilities to the military.