BUZZ-General Dynamics rises after posting strong Q2 results

Reuters
07-23
BUZZ-<a href="https://laohu8.com/S/GD">General Dynamics</a> rises after posting strong <a href="https://laohu8.com/S/QTWO">Q2</a> results

** Shares of General Dynamics GD.N rise 2.9% to $306.25 premarket

** Co posts Q2 EPS of $3.74/shr, above analysts' estimates of $3.53/shr - LSEG

** Q2 revenue of $13.04 bln beats estimates of $12.34 bln

** Operating margin improves 30 bps to 10% compared to same quarter last year

** "Our strong cash flow and healthy backlog position us well to have a good second half" - CEO

** Total estimated contract value, the sum of all backlog components, was $161.2 billion - GD

** Co delivers 38 aircraft in Q2, compared to 37 last year** GD holds a trailing 12-month PE ratio of 20.66 vs industry median of 19.81

** YTD, stock has risen 12.9% vs a 7.3% rise in the benchmark S&P 500 index .SPX

(Reporting by Abhinav Parmar in Bengaluru)

((Abhinav.Parmar@thomsonreuters.com;))

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