General Dynamics Reports Q3 Earnings Beat with $14.6 Billion in Revenue
General Dynamics (GD) reported third-quarter financial results that exceeded analyst expectations on both the top and bottom lines. The company posted a GAAP earnings per share (EPS) of $4.49, surpassing estimates by $0.36, while revenue reached $14.6 billion, representing a 13.2% increase year-over-year and beating consensus by $870 million. The aerospace and defense firm maintains a strong operational outlook with a robust backlog totaling $220 billion and a healthy book-to-bill ratio of 6.8-to-1. Following the announcement, shares saw a positive market reaction, rising approximately 1% in after-hours trading.
Tickers: $GD
Topics: backlog book-to-bill ratio earnings beat revenue growth