GD CEO Sees 2024 Total Revenue Up $2B, But Margins Will Shrink By 30 Basis Points Versus Previous Guidance
Portfolio Pulse from Benzinga Newsdesk
General Dynamics (GD) CEO announced that the company's total revenue for 2024 is expected to increase by $2 billion. However, profit margins are projected to shrink by 30 basis points compared to previous guidance.
July 24, 2024 | 1:32 pm
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General Dynamics (GD) CEO announced an expected $2 billion increase in 2024 revenue, but also projected a 30 basis point reduction in profit margins compared to previous guidance.
The announcement of increased revenue is positive, but the reduction in profit margins tempers the overall impact. Investors may view the revenue growth favorably, but concerns about shrinking margins could offset some of the optimism.
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