General Dynamics (GD, Financial) experienced a significant decline of nearly 6%, reaching $247.01, marking its lowest point in almost a year. This drop followed the release of its fourth-quarter earnings report.
The company reported revenue of $13.34 billion, a 14.3% increase compared to the same period last year, surpassing analysts' expectations of $12.81 billion. Earnings per share were $4.15, up from $3.64 in the previous year, also beating the forecast of $4.07 per share.
Despite these positive figures, the aerospace segment underperformed, generating $11.2 billion in revenue with an operating profit margin of approximately 13%. This fell short of the anticipated $12 billion in revenue and a 15% profit margin, contributing to the stock's decline.
