General Dynamics Corp. (GD) released a profit for its first quarter that increased from the same period last year and beat the Street estimates.
The company's earnings came in at $994 million, or $3.66 per share. This compares with $799 million, or $2.88 per share, last year.
Analysts on average had expected the company to earn $3.46 per share. Analysts' estimates typically exclude special items.
The company's revenue for the period rose 13.9% to $12.223 billion from $10.731 billion last year.
General Dynamics Corp. earnings at a glance (GAAP) :
-Earnings: $994 Mln. vs. $799 Mln. last year.
-EPS: $3.66 vs. $2.88 last year.
-Revenue: $12.223 Bln vs. $10.731 Bln last year.
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