NYSE:GDAerospace & Defense
General Dynamics (GD) Stock Near Highs After Backlog And EPS Lift
General Dynamics stock barely moved in regular trading, up about 0.1% and still hovering near recent highs, even as the company reported one of its strongest defense and aerospace quarters in years. Q2 revenue reached US$14.1b and earnings per share were roughly US$4.29, with management lifting full year EPS guidance into the US$16.80 to US$16.90 range.
For short term traders, that muted price action may feel underwhelming. For long term holders, the combination of higher earnings power and a...