General Dynamics' Q2 Breezes Past Expectations, Clocks Revenue Growth Of 10%
Portfolio Pulse from Akanksha Bakshi
General Dynamics Corp (NYSE:GD) reported Q2 FY23 revenue growth of 10.5% YoY to $10.15 billion, beating the consensus of $9.46 billion. EPS was $2.70, above the consensus of $2.56. Operating earnings fell 1.6% YoY to $962 million. The company generated an operating cash flow YTD of $2.19 billion. The total estimated contract value was $129.3 billion at the end of the quarter. GD expects total revenue of ~$42.45 billion for FY23.
July 26, 2023 | 3:13 pm
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General Dynamics reported strong Q2 results, beating revenue and EPS expectations. However, operating earnings fell 1.6% YoY. The company's shares are trading higher.
General Dynamics reported strong Q2 results, with revenue growth of 10.5% YoY and EPS above consensus. This positive news is likely to boost investor confidence and drive the stock price up in the short term. However, the fall in operating earnings might be a concern for some investors.
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