US defense contractor General Dynamics reports revenue of USD 14.57 billion for the third quarter. Analysts had expected USD 13.71 billion, according to Bloomberg News.
Earnings per share rose to USD 4.49 from USD 3.88, versus expectations of USD 4.13.
The operating margin improved to 10.5 percent from 10.3 percent, compared with expectations of 10.4 percent. Free cash flow decreased by 35 percent to USD 1.23 billion.
The order backlog amounted to USD 220.3 billion and order intake in the defense business to USD 93.8 billion during the quarter.
Marine Systems increased revenue by 21 percent to USD 4.96 billion, while Aerospace increased by 9.3 percent to USD 3.54 billion. Technologies grew by 11 percent and Combat Systems by 6 percent.
ActualConsensusPrior yearRevenue, USD billion14.5713.7112.91Earnings per share, USD4.494.133.88Operating margin, percent10.510.410.3Order backlog, USD billion220.3––
