General Dynamics Q2 2024 GAAP EPS $3.26 Misses $3.29 Estimate, Sales $11.976B Beat $11.438B Estimate
Portfolio Pulse from Benzinga Newsdesk
General Dynamics (NYSE:GD) reported Q2 2024 earnings per share (EPS) of $3.26, missing the analyst estimate of $3.29 by 0.91%. However, the company reported sales of $11.976 billion, beating the estimate of $11.438 billion by 4.70%. EPS increased by 20.74% year-over-year, and sales increased by 17.97% year-over-year.
July 24, 2024 | 11:04 am
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General Dynamics reported Q2 2024 EPS of $3.26, missing the estimate of $3.29 by 0.91%. Sales of $11.976 billion beat the estimate of $11.438 billion by 4.70%. EPS increased by 20.74% YoY, and sales increased by 17.97% YoY.
The mixed results, with EPS slightly missing estimates but sales beating expectations, suggest a neutral short-term impact on the stock price. The significant year-over-year growth in both EPS and sales is positive, but the EPS miss may temper investor enthusiasm.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100