General Dynamics Earnings Beat; Old Dominion Profit In-Line, OKs New $3B Share Buyback Program
- July 26th, 2023
- 455 views
General Dynamics Corporation (NYSE: GD) exceeded earnings per share (EPS) expectations in the second quarter of 2023, reporting an EPS of $2.70, surpassing the consensus estimate of $2.56. Additionally, the company's revenue for the same period was $10.15 billion, which also exceeded the analysts' expectation of $9.46 billion.
In pre-market trading, $GD rose by $4.05 (+1.86%) to $222.05.
In other news, Old Dominion Freight Line, Inc. (Nasdaq: ODFL) reported Q2 2023 EPS of $2.65, in line with the consensus estimate of $2.65. However, the company's revenue for was $1.41 billion, while analysts were expecting $1.44 billion for the period.
Alongside the earnings report, the Company's Board of Directors approved a new $3.0B share repurchase program, which will commence after the completion of an existing $2.0 billion repurchase program, which had $376.9 million remaining available and uncommitted at June 30, 2023.
$ODFL was trading at $395.42 in pre-market, up $0.05 (+0.01%)
THIS IS NOT A RECOMMENDATION TO BUY OR SELL ANY SECURITY OR DIGITAL ASSET. Please consult with a professional investment advisor before purchasing or selling any securities viewed on or mentioned herein. (Read Full Disclaimer)
Post Your Comments
Want To Find Some News?
Recent Posts
-
Countdown to Earnings: Nutanix, CrowdStrike, and Synopsys on Deck
August 23rd, 2026Investors Eye Semtech, Intuit, and nCino as Earnings Loom
August 22nd, 2026FTC Files Amicus Brief to Protect Competition in Biologic Drug Markets
August 21st, 2026
Member Login