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General Dynamics Maintains Momentum With Strong Second Quarter Results

Cal Biesecker By
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General Dynamics Maintains Momentum With Strong Second Quarter Results
General Dynamics Chairwoman and CEO Phebe Novakovic. Photo: General Dynamics

Just as it did in the opening quarter, General Dynamics [GD] on Wednesday posted strong second quarter results with a double-digit rise in net income, leading the company to increase its earnings guidance for 2015.Net income increased 39 percent to $752 million, $2.27 earnings per share (EPS), from $541 million ($1.58 EPS), cruising above consensus estimates by 21 cents per share. Results a year ago included a $105 million (30 cents EPS) loss from discontinued operations, which is the former…

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