General Dynamics Q4 2023 GAAP EPS $3.64 Misses $3.71 Estimate
Portfolio Pulse from Benzinga Newsdesk
General Dynamics (NYSE:GD) reported Q4 2023 earnings per share (EPS) of $3.64, missing the consensus estimate of $3.71 by 1.89%. However, the company's quarterly sales of $11.70 billion exceeded expectations of $11.37 billion by 2.88% and marked a 7.82% increase from the same period last year.
January 24, 2024 | 12:01 pm
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General Dynamics reported a mixed Q4 with an EPS miss but higher sales. EPS was $3.64 vs. the $3.71 estimate, while sales were $11.70 billion, beating the $11.37 billion estimate.
The EPS miss may negatively impact investor sentiment in the short term, but the sales beat and year-over-year growth could offset this. The mixed results present a neutral outlook, as the sales figures suggest strong demand for General Dynamics' products and services, which may be seen as a positive indicator for future performance.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100