RESTON, Va. (AP) — RESTON, Va. (AP) — General Dynamics Corp. (GD) on Wednesday reported fourth-quarter profit of $1.14 billion.
On a per-share basis, the Reston, Virginia-based company said it had net income of $4.17.
The results surpassed Wall Street expectations. The average estimate of nine analysts surveyed by Zacks Investment Research was for earnings of $4.11 per share.
The defense contractor posted revenue of $14.38 billion in the period, which also topped Street forecasts. Seven analysts surveyed by Zacks expected $13.8 billion.
For the year, the company reported profit of $4.21 billion, or $15.46 per share. Revenue was reported as $52.55 billion.
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