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By Aatreyee Dasgupta and Mike Stone.
(Reuters) -General Dynamics’ second-quarter profit and revenue topped analyst estimates on Wednesday, aided by robust earnings from the marine segment and higher business jet deliveries.
Shares of the company rose nearly 3% in premarket trading.
The Gulfstream jet maker’s quarterly adjusted profit was $3.74 per share, compared with analysts’ estimates of $3.53 per share, according to data compiled by LSEG.
General Dynamics’ aerospace segment, which is recovering from supply chain woes and longer certification times, was able to ramp up deliveries during the quarter ended June 29.
During the period, the Reston, Virginia-based company’s new G800 plane, the world’s longest-range business aircraft, earned certification from the Federal…more
Source finance.yahoo.com
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