General Dynamics (NYSE:GD) reports 4Q16 earnings results; Topline up 5.4%; Tops Estimate

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General Dynamics (NYSE:GD) reports 4Q16 earnings results; Topline up 5.4%; Tops Estimate

General Dynamics (GD) reported net income for the fourth quarter of $ 797.00 million or $ 2.58 per share, compared to $ 764.00 million or $ 2.40 per share for the year-ago quarter.

Revenue for the fourth quarter rose 5.43% to $ 8.23 billion from $ 7.81 billion in the same quarter last year.

Analysts polled by Thomson Reuters expected the General Dynamics to earn $ 2.52 per share on revenue of $ 8.29 billion for the fourth quarter.

Phebe Novakovic, chairman and CEO, said that the quarter is solid showing strong growth over the year-ago quarter in both revenue and earnings and the same was true on a sequential basis. These themes played out throughout the business groups as well.