General Dynamics Q1 Revenue Hits $13.5B, Beating Estimates
General Dynamics reported first-quarter earnings that surpassed Wall Street expectations, with revenue reaching $13.5 billion and diluted earnings per share of $4.10. The defense contractor's shipbuilding segment saw a 21% revenue increase, driving overall performance. The results exceeded analyst forecasts, reflecting strong demand in defense contracting.
Key facts
- General Dynamics reported Q1 revenue of $13.5 billion.
- Diluted EPS was $4.10, beating estimates.
- Defense shipbuilding revenue rose 21% year-over-year.
- Both revenue and profit exceeded Wall Street forecasts.
- The company is a major defense contractor.
Entities
Institutions
- General Dynamics
Sources
- Quartz —