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General Dynamics Q2 net earnings $758 million

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Staff Writer | October 26, 2016
General Dynamics raised its fiscal 2016 forecast for earnings per share from continuing operations to $9.70 from $9.20, citing the strong first half results.
General Dynamics
General Dynamics   Earnings per share were $2.44
In its second quarter, the company's net earnings edged up 0.8 percent to $758 million from $752 million last year. Earnings per share were $2.44, a growth of 7.5 percent from last year's $2.27, on lower share count.

Revenue of $7.67 billion declined 2.8 percent from $7.88 billion last year.

POST forecast: EPS $2.40 and revenues $8 billion.

The company-wide operating margin for the second quarter of 2016 was 14 percent, a 30 basis-point increase from last year.

General Dynamics' total backlog at the end of second-quarter 2016 was $63.2 billion.

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