General Dynamics Q3 2024 GAAP EPS $3.35 Misses $3.53 Estimate, Sales $11.671B Beat $11.641B Estimate
Portfolio Pulse from Benzinga Newsdesk
General Dynamics reported Q3 2024 earnings per share of $3.35, missing the consensus estimate of $3.53, but showed a 10.2% increase from last year. Sales were $11.671 billion, slightly beating the estimate of $11.641 billion, marking a 10.41% increase from the previous year.
October 23, 2024 | 11:01 am
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General Dynamics' Q3 2024 earnings per share missed expectations, but sales slightly exceeded estimates. Despite the EPS miss, both earnings and sales showed significant year-over-year growth.
The EPS miss could negatively impact short-term stock price sentiment, but the sales beat and year-over-year growth in both earnings and sales provide a positive outlook. The mixed results may lead to a neutral short-term impact on the stock price.
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