Investing.com - General Dynamics (NYSE:GD) reported on Wednesday second quarter earnings that beat analysts' forecasts and revenue that fell short of expectations.
General Dynamics announced earnings per share of $2.75 on revenue of $9.19B. Analysts polled by Investing.com anticipated EPS of $2.72 on revenue of $9.41B.
General Dynamics shares are down 24% from the beginning of the year and are trading at $212.25 , down-from-52-week-high.They are under-performing the S&P 500 which is down 17.73% from the start of the year.
General Dynamics shares lost 2.47% in pre-market trade the report.
General Dynamics follows other major Industrials sector earnings this month
General Dynamics's report follows an earnings beat by United Parcel Service on Tuesday, who reported EPS of $3.29 on revenue of $24.77B, compared to forecasts EPS of $3.16 on revenue of $24.65B.
Union Pacific had beat expectations on July 21 with second quarter EPS of $2.93 on revenue of $6.27B, compared to forecast for EPS of $2.84 on revenue of $6.12B.
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