General Dynamics CEO Says In 2024, Company-Wide, We Expect Operating Margin Of 11%, Up 100 Basis Points From 2023; Says In 2024, Company-wide, We Expect EPS Of Around $14.40
Portfolio Pulse from Benzinga Newsdesk
General Dynamics' CEO forecasts an increase in operating margin to 11% in 2024, up by 100 basis points from 2023. Additionally, the CEO expects the company's earnings per share (EPS) to be around $14.40 in 2024.
January 24, 2024 | 2:25 pm
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General Dynamics' CEO anticipates a 100 basis point increase in operating margin to 11% and an EPS of $14.40 in 2024, signaling potential financial strength and profitability.
The CEO's positive outlook for 2024 with higher operating margins and EPS is a strong indicator of financial health and profitability, which is likely to be well-received by investors. This could lead to increased investor confidence and a potential rise in stock price in the short term.
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