CORRECTION: General Dynamics Q1 2024 GAAP EPS $2.88 Misses $3.03 Estimate, Sales $10.730B Beat $10.317B Estimate
Portfolio Pulse from Benzinga Newsdesk
General Dynamics reported Q1 2024 earnings of $2.88 per share, missing the consensus estimate of $3.03, but showed a 9.09% increase from the previous year. Sales reached $10.730 billion, exceeding estimates of $10.317 billion, marking an 8.59% increase year-over-year.
April 24, 2024 | 3:50 pm
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NEUTRAL IMPACT
General Dynamics Q1 2024 earnings missed estimates but showed strong sales growth, indicating mixed financial health.
The earnings miss might concern investors, potentially putting downward pressure on the stock. However, the significant sales beat and year-over-year growth could counterbalance concerns, suggesting a neutral short-term impact.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100