General Dynamics revenue beats on defense demand; supply woes persist
General Dynamics beat Wall Street expectations for fourth-quarter revenue on Wednesday, as a tense global political climate sustained demand for its military equipment even as supply-chain pressures drove up costs. Net earnings at the Reston, Virginia-based defense contractor came in at $3.64 per share, below analysts' average estimates of $3.68, according to LSEG data. Shares were up 3.8% in early trading after the company forecast 2024 earnings per share of about $14.40 on revenue of $4...
Source: yahoo.com