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GD Finishes 2010 With Strong Fourth Quarter

DDN

Thursday, January 27th, 2011

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By Calvin Biesecker General Dynamics [GD] yesterday posted strong fourth quarter results driven by operating gains at each of its segments. Net income rose nearly 19 percent to $729 million, $1.91 earnings per share (EPS), from $614 million ($1.57 EPS) a year ago, topping consensus estimates by six cents. GD's operating margins improved 50 basis points to 12.5 percent. Operating earnings overall were $1.1 billion, a quarterly record. Sales increased 9 percent to $8.6 billion from $7.9 billion a year…

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