More on General Dynamics (GD) Q4: swings to net loss of $2.13B from a profit of $603M due to a...

|About: General Dynamics Corporation (GD)|By:, SA News Editor

More on General Dynamics (GD) Q4: swings to net loss of $2.13B from a profit of $603M due to a $2B goodwill charge at its Information Systems & Technology unit, a move that recognizes "the impact of slowed defense spending." GD also takes $867M in other one-time charges, with "some of our markets...contracting as government budgets shrink at home and abroad." Forecasts 2013 EPS from continuing ops of $6.60-6.70, well below consensus of $7.32. Shares -3.9%.