July 23, 2014 / 11:18 AM / 3 years ago

General Dynamics profit falls 15.5 pct on charge

July 23 (Reuters) - General Dynamics Corp, maker of Gulfstream jets, tanks and U.S. Navy ships, reported a 15.5 percent fall in quarterly income as it took a charge of $105 million related to the sale of a business.

The company’s net income fell to $541 million, or $1.58 per share, in the second quarter ended June 29, from $640 million, or $1.81 per share, a year earlier.

Excluding the charge, income from continuing operations rose 1 percent to $646 million, or $1.88 per share. (Reporting by Sagarika Jaisinghani in Bangalore; Editing by Saumyadeb Chakrabarty)

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