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General Dynamics Tops Profit Estimates On Shipyard Backlog

by Mike Stone (Reuters) – General Dynamics on Wednesday reported a 28% jump in its backlog due to a shipyard order for US Navy submarines. Shares fell 1.7% during morning trading after CEO Phebe Novakovic offered guidance during a conference call with investors. She said the company expects “slightly more than” $40.7 billion of revenue, […]

WP_Post Object ( [ID] => 222064 [post_author] => 4 [post_date] => 2020-01-30 18:09:12 [post_date_gmt] => 2020-01-30 18:09:12 [post_content] => USS Zumwalt Shipyard Construction Photoby Mike Stone (Reuters) – General Dynamics on Wednesday reported a 28% jump in its backlog due to a shipyard order for US Navy submarines. Shares fell 1.7% during morning trading after CEO Phebe Novakovic offered guidance during a conference call with investors. She said the company expects “slightly more than” $40.7 billion of revenue, […] [post_title] => General Dynamics Tops Profit Estimates On Shipyard Backlog [post_excerpt] => by Mike Stone (Reuters) – General Dynamics on Wednesday reported a 28% jump in its backlog due to a shipyard order for US Navy submarines. Shares fell 1.7% during morning trading after CEO Phebe Novakovic offered guidance during a conference call... [post_status] => publish [comment_status] => open [ping_status] => closed [post_password] => [post_name] => general-dynamics-tops-profit-estimates-on-shipyard-backlog [to_ping] => [pinged] => [post_modified] => 2020-01-30 18:09:12 [post_modified_gmt] => 2020-01-30 18:09:12 [post_content_filtered] => [post_parent] => 0 [guid] => http://gcaptain.com/?p=138407 [menu_order] => 0 [post_type] => news [post_mime_type] => [comment_count] => 0 [filter] => raw )