Although a controversial sector, the concept of top defense stocks will likely become an increasingly important one. Primarily, circumstances in the geopolitical realm will likely worsen. At the same time, a critical election cycle could mean significant changes. Therefore, emotionally agnostic investors may consider the potential viability of this ecosystem. At the same time this is going on, China has ambitions of its own. In other words, the U.S. can't afford to let off the gas pedal. Cynically, such a f ...

General Dynamics Corporation (GD) reported second-quarter 2024 earnings per share (EPS) of $3.26, which missed the Zacks Consensus Estimate of $3.30 by 1.2%. However, the figure increased 20.7% from $2.70 per share recorded in the year-ago quarter. The year-over-year bottom-line appreciation can be attributed to sales growth as well as an improvement in operating earnings. Total Revenues Revenues of $11.98 billion beat the Zacks Consensus Estimate of $11.52 billion by 3.9%. The top line also improved 18% fr ...

Second-Quarter 2024 Highlights and Outlook Update Forward-Looking Statements; Non-GAAP Measures In addition, this presentation contains some financial measures not prepared in accordance with U.S. generally accepted accounting principles (GAAP). While we believe these non-GAAP metrics provide useful information for investors, there are limitations associated with their use, and our calculations of these metrics may not be comparable to similarly titled measures of other companies. Non-GAAP metrics should no ...

General Dynamics Corporation (NYSE:GD) Q2 2024 Earnings Conference Call July 24, 2024 9:00 AM ET Company Participants Nicole Shelton - Vice President, Investor Relations Phebe Novakovic - Chairman and Chief Executive Officer Kimberly Kuryea - Senior Vice President, Chief Financial Officer Conference Call Participants David Strauss - Barclays Peter Arment - Baird Robert Spingarn - Melius Research Cai von Rumohr - TD Cowen Jason Gursky - Citi George Shapiro - Shapiro Research Kenneth Herbert - RBC Capital Mar ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) [☑] QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 30, 2024 OR [☐] TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from _______ to _______ Commission File Number 1-3671 GENERAL DYNAMICS CORPORATION Registrant's telephone number, including area code Securities registered purs ...

Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the year-ago numbers and what analysts estimated about them helps investors better project a stock's price performance. Revenue- Technologies: $3.30 billion versus the six-analyst average estimate of $3.27 billion. The reported number represents a year-over-year change of +2.5%. Revenue- Marine Systems: $3.45 billion versus $3.18 billion estimated by six analysts on average. Compared to the year-ago quar ...

General Dynamics (GD) came out with quarterly earnings of $3.26 per share, missing the Zacks Consensus Estimate of $3.30 per share. This compares to earnings of $2.70 per share a year ago. These figures are adjusted for non-recurring items. Over the last four quarters, the company has surpassed consensus EPS estimates just once. The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on t ...

Exhibit 99.1 GENERAL DYNAMICS | --- | --- | |-------------------------------|-------| | | | | 11011 Sunset Hills Road | | | Reston, Virginia 20190 | News | | www.gd.com | | Contact: Jeff A. Davis Tel: 703 876 3483 press@generaldynamics.com General Dynamics Reports Second-Quarter 2024 Financial Results July 24, 2024 • Revenue of $12 billion, up 18% from year-ago quarter • Operating earnings of $1.2 billion, up 20.2% from year-ago quarter • Diluted EPS of $3.26, up 20.7% from year-ago quarter • Operating marg ...

Below we have mentioned the following players from the same industry that have the right combination of elements to beat on earnings in the upcoming releases. The Zacks Consensus Estimate for LMT's second-quarter earnings is pegged at $6.44 per share, while the same for sales is pegged at $17.06 billion. The company delivered a four-quarter average earnings surprise of 6.07%. Huntington Ingalls Industries (HII) is expected to report its second-quarter 2024 results on Aug 1 before market open. It has an Earn ...

Following the June 27 presidential debate, the leader of Russia, Vladimir Putin, openly stated how seriously he takes former President Donald Trump's commitment to ending the war in Ukraine. With Trump vocal about the importance of ending America's wars, it's likely the defense industry will take a hit following the closure of Europe's biggest war in almost 80 years. As a result, it's highly likely that there will be several defense stocks to sell to maximize profits now from medium-term holdings. RTX (RTX) ...