July 29, 2020 / 11:13 AM / 14 days ago

General Dynamics profit falls 22.5% on lower aerospace sales

July 29 (Reuters) - Defense contractor General Dynamics Corp posted a 22.5% fall in quarterly profit on Wednesday, hurt by lower sales in its aerospace and information technology units.

Net earnings fell to $625 million, or $2.18 per share, in the second quarter ended June 28, from $806 million, or $2.77 per share, a year earlier.

Revenue fell 3% to $9.26 billion.

Reporting by Sanjana Shivdas in Bengaluru; Editing by Amy Caren Daniel

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