General Dynamics Q1 2024 GAAP EPS $2.88 Misses $3.03 Estimate, Sales $10.730 Miss $10.317B Estimate
Portfolio Pulse from Benzinga Newsdesk
General Dynamics reported Q1 2024 earnings of $2.88 per share, missing the $3.03 estimate, and sales of $10.730B, which also missed the $10.317B estimate. This represents a 9.09% increase in earnings and a significant sales increase from the previous year.
April 24, 2024 | 11:02 am
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General Dynamics Q1 2024 earnings missed estimates with $2.88 per share against a $3.03 expectation, and sales of $10.730B also missed the $10.317B forecast.
Missing both earnings and sales estimates typically leads to negative short-term market reactions. Despite the year-over-year growth in earnings, failing to meet analyst expectations can disappoint investors and potentially lead to a decrease in stock price in the short term.
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