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General Dynamics Delivers Solid Third Quarter Results

Cal Biesecker By
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General Dynamics Delivers Solid Third Quarter Results
General Dynamics Chairwoman and CEO Phebe Novakovic. Photo: General Dynamics

Driven by higher operating profits across most of its segments and lower taxes, General Dynamics [GD] on Wednesday posted higher net earnings and sales in its third quarter and raised its earnings guidance for 2015.Net income rose 5 percent to $733 million, $2.28 earnings per share (EPS), from $696 million ($2.06 EPS) a year ago, beating consensus estimates by 15 cents per share. A lower tax rate added 5 cents EPS in the quarter. Sales increased 3 percent to $8…

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