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General Dynamics profit rises 11.6 percent

Published 01/24/2018, 07:52 AM
Updated 01/24/2018, 08:01 AM
© Reuters. FILE PHOTO: A General Dynamics sign is shown at a conference in San Diego
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(Reuters) - General Dynamics Corp (N:GD), the maker of Gulfstream business jets, reported a 11.6 percent rise in fourth-quarter profit on Wednesday.

Earnings from continuing operations rose to $636 million, or $2.10 per share, in the quarter ended Dec. 31, from $570 million, or $1.89 per share, a year earlier.

The company recorded a $119 million one-time, non-cash charge in the quarter related to U.S. tax changes.

© Reuters. FILE PHOTO: A General Dynamics sign is shown at a conference in San Diego

Revenue rose to $8.28 billion from $7.65 billion last year.

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