General Dynamics Beats on Top and Bottom Lines; Putting Our FVE Under Review
Wide-moat General Dynamics reported strong second-quarter 2019 results that beat top- and bottom-line consensus estimates. Sales increased by 4% year over year to $9.6 billion and diluted EPS improved by 5.7% to $2.77. General Dynamics continues to drive sturdy performance, as the production of new aircraft ramps up, and management increased revenue and earnings guidance for most segments and for the firm overall, including a slight upward adjustment to annual EPS, to $11.85-$11.90 from $11.60-$...General Dynamics is an aerospace and defense company. The company has five operating segments: Aerospace, which provides a family of Gulfstream aircraft and services for business aircraft produced by Gulfstream and other original equipment manufacturers; Combat Systems, which provides combat vehicles, weapons systems and munitions; Information Technology, which provides information technology (IT) services, IT infrastructure modernization and professional services; Mission Systems, which provides mission-critical products and systems; and Marine Systems, which designs and builds nuclear-powered submarines, surface combatants, and auxiliary and combat-logistics ships.
Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. The company offer an extensive line of products and services for individual investors, financial advisors, asset managers, and retirement plan providers and sponsors.
Morningstar provides data on approximately 530,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 18 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries and had approximately $185 billion in assets under advisement and management as of June 30, 2016.
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