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GD Posts Solid Earnings In Third Quarter Despite Flat Sales

By Cal Biesecker

Wednesday, October 22nd, 2014

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GD Posts Solid Earnings In Third Quarter Despite Flat Sales

U.K. Scout Specialist Vehicle (SV) Image: General Dynamics

General Dynamics [GD] on Wednesday posted solid third quarter earnings despite flat sales, led by its aviation segment and to a lesser degree a boost from its Combat Systems segment. Net income increased 7 percent to $696 million, $2.06 earnings per share (EPS), from $651 million ($1.84 EPS). Excluding impacts from discontinued operations, earnings increased 6 percent to $694 million ($2.05 EPS), versus $652 million ($1.84 EPS), easily beating analysts’ expectations of $1.91 EPS. GD’s Aerospace business drove the higher…

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