General Dynamics Corp. Bottom Line Climbs In Q1, Beats estimates

(RTTNews) - General Dynamics Corp. (GD) announced a profit for its first quarter that increased from last year and beat the Street estimates.

The company's bottom line totaled $730 million, or $2.61 per share. This compares with $708 million, or $2.48 per share, in last year's first quarter.

Analysts on average had expected the company to earn $2.51 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

Revenue held steady at $9.39 billion

General Dynamics Corp. earnings at a glance (GAAP) :

-Earnings (Q1): $730 Mln. vs. $708 Mln. last year. -EPS (Q1): $2.61 vs. $2.48 last year. -Analyst Estimate: $2.51 -Revenue (Q1): $9.39 Bln vs. $9.39 Bln last year.