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General Dynamics (GD -3.95%) topped quarterly expectations, but some of the company's key business units underwhelmed. Investors were disappointed, sending General Dynamics shares down 6% at the open Wednesday and down 4% as of 1:30 p.m.

General Dynamics Corporation (NYSE:GD ) Q4 2024 Earnings Conference Call January 29, 2025 9:00 AM ET Company Participants Phebe Novakovic - Chairman, Chief Executive Officer Kim Kuryea - Chief Financial Officer Nicole Shelton - Vice President of Investor Relations Conference Call Participants Ronald Epstein - Bank of America Doug Harned - Bernstein Gautam Khanna - TD Cowen Scott Deuschle - Deutsche Bank Sheila Kahyaoglu - Jefferies Myles Walton - Wolf Research Scott Mikus - Melius Research Seth Seifman - JP Morgan David Strauss - Barclays Robert Stallard - Vertical Research Operator Good morning and welcome to the General Dynamics, Fourth Quarter and Full Year 2024 Earnings Conference Call. All participants will be in a listen-only mode.

GD's Q4 revenues of $13.34 billion beat the Zacks Consensus Estimate by 2.1% and also improve 14.3% from the prior-year figure.

While the top- and bottom-line numbers for General Dynamics (GD) give a sense of how the business performed in the quarter ended December 2024, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.

U.S. stocks traded mixed this morning, with the Nasdaq Composite falling around 0.4% on Wednesday.

General Dynamics (GD) came out with quarterly earnings of $4.15 per share, beating the Zacks Consensus Estimate of $4.13 per share. This compares to earnings of $3.64 per share a year ago.

General Dynamics reported a 14.2% rise in fourth-quarter profit on Wednesday, as sustained demand for military munitions and vehicles boosted its defense businesses.

The aerospace and defense sector is poised for change under the Trump administration and Pete Hegseth's confirmation as the Secretary of the US Department of Defense with Wall Street experts anticipate defense spending to likely increase. Yahoo Finance's Josh Lipton joins Wealth host Brad Smith to discuss the aerospace and defense sector's outlook.

GD's Q4 earnings are likely to have gained from improved revenues across most of its segments, lower interest expenses and a robust operating margin.

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