General Dynamics (GD) Misses Q1 EPS by 14c
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General Dynamics Reports First-Quarter 2020 Results
April 29, 2020 7:00 AM EDTRESTON, Va., April 29, 2020 /PRNewswire/ -- General Dynamics (NYSE: GD) today reported first-quarter 2020 net earnings of $706 million on $8.75 billion in revenue. On a per share basis, diluted earnings per share (EPS) were $2.43.
Travel restrictions due to the COVID-19 pandemic delayed deliveries of business-jet aircraft, which resulted in a $549 million decline in revenue for the Aerospace segment. Nevertheless, the segment's backlog remains strong, up $1.1 billion, or 9.1%, over the year-ago quarter.
The defense businesses on a combined basis posted revenue of $7.1 billion, a slight increase over the year-ago quarter; operating earnings of $705... More
