UPDATE: General Dynamics Posts Drop In Q3 Profit
General Dynamics (NYSE: GD) reported a drop in its third-quarter earnings.
General Dynamics' quarterly net earnings declined to $600 million, or $1.70 per share, from $652 million, or $1.80 per share, in the year-earlier period.
Its revenue fell to $7.85 billion from $7.93 billion. However, analysts were expecting earnings of $1.78 per share on sales of $8.03 billion.
General Dynamics shares closed at $66.21 yesterday.
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