General Dynamics "Beat Earnings" This Week, So Why No Applause?
![General Dynamics "Beat Earnings" This Week, So Why No Applause?](https://assets2.sharewise.com/attachment/file/81156/open-uri20171027-3360-1omivcx "General Dynamics "Beat Earnings" This Week, So Why No Applause?")
Army-tank maker General Dynamics (NYSE: GD) reported a big earnings beat Wednesday morning. (Hooray!) But its sales for the quarter were down year over year, and missed Wall Street estimates. (Boo!)
Profit margins for the quarter were up pretty significantly. (Hooray again!) But free cash flow, although up sequentially, still fell far short of reported net income. (Boo again!) And so, when all was said and done, and investors had had time to digest the news, they decided to sell the shares, sending General Dynamics stock down 2.2% on Wednesday, and another 1.6% on Thursday.
Was that the right call?
Source: Fool.com
General Dynamics Corp. Stock
€267.65
-0.210%
General Dynamics Corp. is currently one of the favorites of our community with 20 Buy predictions and no Sell predictions.
With a target price of 277 € there is a slightly positive potential of 3.49% for General Dynamics Corp. compared to the current price of 267.65 €.
