GD Beats By A Penny, Misses Revs
General Dynamics Corporation (NYSE:GD) announced its first quarter 2012 earnings before the opening bell today. In first quarter of 2012, the company clocked pro forma earnings of $1.70 per share, which was above the year-ago figure of $1.64. The earnings beat the Zacks Consensus Estimate by a penny. The difference between GAAP and pro forma [...]
General Dynamics Corporation (NYSE:GD) announced its first quarter 2012 earnings before the opening bell today. In first quarter of 2012, the company clocked pro forma earnings of $1.70 per share, which was above the year-ago figure of $1.64. The earnings beat the Zacks Consensus Estimate by a penny.
The difference between GAAP and pro forma was due to a non-cash out-of-period accounting adjustments in European operations of 13 cents. Including this charge, the company reported GAAP EPS of $1.57. … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards