General Dynamics CEO Says FY23 Margins Will Shrink 40 Basis Points Vs Previous Guidance; Says EPS Estimate Unchanged
Portfolio Pulse from Benzinga Newsdesk
General Dynamics' CEO has announced that the company's FY23 margins will shrink by 40 basis points compared to previous guidance. However, the EPS estimate remains unchanged.
July 26, 2023 | 1:50 pm
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NEGATIVE IMPACT
General Dynamics' FY23 margins are expected to shrink by 40 basis points, which could negatively impact the company's profitability. However, the unchanged EPS estimate might mitigate some of the potential negative impact.
A decrease in margins indicates that the company's profitability is expected to decrease, which could negatively impact the stock price. However, the unchanged EPS estimate suggests that the company's earnings per share are not expected to be significantly affected, which might mitigate some of the potential negative impact on the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100