General Dynamics Corp. Q3 Profit Declines, but beats estimates

(RTTNews) - General Dynamics Corp. (GD) announced earnings for third quarter that decreased from last year but beat the Street estimates.

The company's earnings totaled $836 million, or $3.04 per share. This compares with $902 million, or $3.26 per share, in last year's third quarter.

Analysts on average had expected the company to earn $2.75 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter rose 5.9% to $10.57 billion from $9.98 billion last year.

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

-Earnings (Q3): $836 Mln. vs. $902 Mln. last year. -EPS (Q3): $3.04 vs. $3.26 last year. -Analyst Estimates: $2.75 -Revenue (Q3): $10.57 Bln vs. $9.98 Bln last year.