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GD’s Earnings Dip Again As Growth Remains Soft

Defense Daily Staff Defense Daily Staff
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Despite strong operating results in three of its four business segments, General Dynamics [GD] yesterday reported weaker second quarter net income while sales edged up less than a percent. Net income fell 3 percent to $634 million, $1.77 earnings per share (EPS), from $653 million ($1.79 EPS) a year ago. Profits a year ago were aided by a $38 million (7 cents EPS) gain related to the sale of the company’s former Detection Systems business. The income results still topped…

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