General Dynamics (GD) Tops Q1 EPS by 18c
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General Dynamics Reports First-Quarter 2016 Results
April 27, 2016 7:30 AM EDTFALLS CHURCH, Va., April 27, 2016 /PRNewswire/ --General Dynamics (NYSE: GD) today reported first-quarter 2016 earnings from continuing operations of $730 million, a 2 percent increase over first-quarter 2015, on revenue of $7.7 billion. Diluted earnings per share from continuing operations were $2.34 compared to $2.14 in the year-ago quarter, a 9.3 percent increase.
"General Dynamics delivered a strong first quarter, with all four groups contributing to our outstanding operating performance," said Phebe N. Novakovic, chairman and chief executive officer of General Dynamics. "We generated positive operating leverage and achieved the sixth straight quarter with operating earnings of more than one... More
