April 23, 2014 / 12:06 PM / 3 years ago

General Dynamics quarterly earnings rise

WASHINGTON, April 23 (Reuters) - General Dynamics, maker of Gulfstream jets, tanks and U.S. Navy ships, on Wednesday reported higher-than-expected quarterly earnings and revenue, and said its backlog rose 22 percent from the end of 2013.

The company reported a four percent increase in first quarter net earnings to $595 million, or $1.71 per share, from $571 million, or $1.62 per share in the same period one year ago.

Quarterly revenue fell one percent to $7.3 billion.

Analysts polled by Thomson Reuters I/B/E/S had forecast earnings per share of $1.64 and sales of $7.2 billion.

General Dynamics said its backlog at the end of the quarter was $56 billion, up from $46 billion at the end of last year.

The company did not provide any updated guidance for the full year.

Reporting by Andrea Shalal, Editing by Franklin Paul

Our Standards:The Thomson Reuters Trust Principles.
0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below