General Dynamics Q2 net earnings $758 millionStaff 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 Earnings per share were $2.44
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. ■