General Dynamics (NYSE:GD) announced that third quarter profit fell by 8 percent due to higher costs offsetting an increase in revenue. The company earned $600 million, or $1.70 per share, down from $652 million, or $1.80 per share, in the same period last year. Revenue was higher by one percent $7.93 billion. Analysts expected a profit of $1.78 on $8.03 billion in revenue.
Shares are higher by about 2.2 percent.
Rival Boeing (NYSE:BA) announced stronger than expected earnings and raised its full year forecast due to improved defense spending and more aircraft deliveries.
Any ideas and opinions presented in all Market News Video clips are for informational and educational purposes
only, and do not reflect the opinions of BNK Invest, Inc. or any of its affiliates, subsidiaries or partners.
In no way should any content contained herein be interpreted to represent trading or investment advice.
None of the information contained herein constitutes a recommendation that any particular security, portfolio,
transaction, or investment strategy is suitable for any specific person. All viewers agree that under no
circumstances will BNK Invest, Inc,. its subsidiaries, partners, officers, employees, affiliates, or agents be held
liable for any loss or damage caused by your reliance on information obtained. Read Full Disclaimer.