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;))
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.