General Dynamics (GD) Q1 Earnings Beat, Revenues Up Y/Y

Falls Church, VA based General Dynamics Corporation GDis one of the two contractors equipped to build nuclear-powered submarines. The company is well-renowned for the Virginia-class submarines and its Gulfstream aircraft.

General Dynamics boasts a strong position in the U.S. defense space as well as overseas.

The recent budgetary amendments in the United States have been in favor of the company’s business line.

Surprise History

Coming to the earnings surprise, General Dynamics has surpassed the Zacks Consensus Estimate in last four quarters, resulting in average positive surprise of 4.02%.

Zacks Rank

Currently, General Dynamics has a Zacks Rank #3 (Hold), but that could change following General Dynamics’ first-quarter earnings report which was just released. You can see see  the complete list of today’s Zacks #1 (Strong Buy) Rank stocks here

We have mentioned below some of the vital information from this just-revealed announcement: