FALLS CHURCH (dpa-AFX) - General Dynamics Corp. (GD) released earnings for first quarter that decreased from the same period last year.
The company's profit totaled $706 million, or $2.43 per share. This compares with $745 million, or $2.56 per share, in last year's first quarter.
Analysts had expected the company to earn $2.57 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.
The company's revenue for the quarter fell 5.5% to $8.75 billion from $9.26 billion last year.
General Dynamics Corp. earnings at a glance:
-Earnings (Q1): $706 Mln. vs. $745 Mln. last year. -EPS (Q1): $2.43 vs. $2.56 last year. -Analysts Estimate: $2.57 -Revenue (Q1): $8.75 Bln vs. $9.26 Bln last year.
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