General Dynamics: 4Q Earnings Snapshot

FALLS CHURCH, Va. (AP) _ General Dynamics Corp. (GD) on Wednesday reported fourth-quarter profit of $1.02 billion.

On a per-share basis, the Falls Church, Virginia-based company said it had profit of $3.51.

The results exceeded Wall Street expectations. The average estimate of seven analysts surveyed by Zacks Investment Research was for earnings of $3.46 per share.

The defense contractor posted revenue of $10.77 billion in the period, which also beat Street forecasts. Four analysts surveyed by Zacks expected $10.6 billion.

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For the year, the company reported profit of $3.48 billion, or $11.98 per share. Revenue was reported as $39.35 billion.

General Dynamics shares have climbed 4% since the beginning of the year, while the Standard & Poor’s 500 index has increased slightly more than 1%. The stock has increased roughly 7% in the last 12 months.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on GD at https://www.zacks.com/ap/GD

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