Investing.com - General Dynamics (NYSE:GD) reported fourth quarter earnings that beat analysts' expectations on Wednesday and revenue that topped forecasts.
The firm reported earnings per share of $3.07 on revenue of $10.38B. Analysts polled by Investing.com anticipated EPS of $2.98 on revenue of $10.36B. That compared to EPS of $2.5 on revenue of $7.58B in the same period a year earlier. The company had reported EPS of $2.89 on revenue of $9.09B in the previous quarter.
For the year, General Dynamics shares are up 11.95%, outperforming the S&P 500 which is up 6.98% year to date.
General Dynamics follows other major Capital Goods sector earnings this month
On Wednesday, Boeing reported fourth quarter EPS of $5.48 on revenue of $28.34B, compared to forecasts of EPS of $4.57 on revenue of $26.88B.
3M earnings beat analyst's expectations on Tuesday, with fourth quarter EPS of $2.31 on revenue of $7.95B. Investing.com analysts expected EPS of $2.28 on revenue of $7.87B
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