General Dynamics (GD) Q3 earnings and revenues didn't meet the anticipated estimates. The company, however, saw its profits grow in double digits in Q3 2024, boosted by defense demand and Gulfstream. A significant factor contributing to the increased profit was the diversified portfolio and the strong defense sector. However, some operations had to be scaled back due to delays in major components. The company's shares were purchased by International Assets Investment Management LLC, but also sold by Mediolanum International Funds Ltd and Exchange Traded Concepts LLC.
GD's Q2 earnings did not meet the estimates, but GD's earnings are expected to grow, as indicated by financial experts. The company's sales were below than expected in Q3 but showed growth year on year. Despite this, GD's price target was raised to $322.00 and then lowered to $331 from $343. The company’s aerospace and defense outlook was boosted by FAA certification. Despite the earnings not living up to expectations, GD's stocks were sol;d as the best stock picks for 2025 by Morgan Stanley. GD's shares and valuation still encountered volatility in the market.
General Dynamics GD News Analytics from Wed, 20 Mar 2024 07:00:00 GMT to Sat, 26 Oct 2024 10:40:25 GMT - Rating -1 - Innovation 2 - Information 7 - Rumor -3
