US military and aerospace equipment maker General Dynamics has recorded growth in net income and revenue in the second quarter, with both figures beating market expectations at the same time.
According to the company’s press release, its net income for the April-June period was $1.01bn, or $3.74 per share, up from $905m, or $3.26 per share, in the same period a year earlier.
Revenue rose 8.9% to $13.04 billion.
Consensus – market forecasts cited by Investing.com called for net income of $3.44 per share on revenue of $12.18 billion.
Revenues at the aerospace technology division rose 4.1% to $3.06 billion last quarter, while revenue at the military-maritime systems segment rose 22.2% to $4.22 billion, general-purpose military technologies rose 5.5% to $3.48 billion, and the combat systems division declined 0.2% to $2.28 billion.
The company paid dividends of $402 million last quarter. Capital expenditures totalled $198 million.
General Dynamics share prices are up 2.9% during the previous trading on Wednesday. Since the beginning of the year, the company’s capitalisation has grown by 13% to $79.9bn.