Market Currents

• Wednesday, December 2, 2009

• 14:35 PM General Dynamics (GD) authorizes repurchasing up to 10M shares, and declares a 38-cent dividend; shares move into positive, up 0.2%. 1 Comment

• Wednesday, October 28, 2009

• 08:12 AM General Dynamics (GD): Q3 EPS of $1.48 beats by $0.08. Revenue of $7.72B (+8.1%) in-line. (PR) Comment!
• 00:05 AM Notable pre-market earnings: ASH, BWA, CCE, CHINA, CNP, COP, EPD, GD, GT, HES, IP, IPG, JNY, LAZ, LVLT, MWV, NWL, NXY, NYB, OC, PEG, PX, Q, SAP, SEPR, SO, SPIL, SPW, UMC, WLP, WYN Comment!

• Monday, October 19, 2009

• 10:38 AM Business aircraft manufacturers (GD, TXT) can expect global demand for business jets, already near a five-year low, to further erode over the next year, according to a closely-watched forecast by parts-maker Honeywell. When the turnaround does come, it will likely be driven by European and Asian clients, not U.S. customers. 1 Comment

• Wednesday, July 29, 2009

• 08:05 AM General Dynamics (GD): Q2 EPS of $1.61 beats by $0.04. Revenue of $8.1B (+11%) in-line. Shares +2% premarket. (PR) Comment!
• 00:05 AM Notable earnings before Wednesday's open: AMT, ARW, BPO, BWA, CCE, COP, EQT, GD, HES, HL, HSP, IACI, JNY, MCO, MDCO, MHS, MT, MWV, NYB, PAG, PX, Q, RCL, S, SAP, SEE, SLAB, SMG, SO, SPIL, TEL, TLM, TWC, TWX, UMC, VPHM, WLP, WPI, WYN Comment!

• Wednesday, April 29, 2009

• 07:48 AM General Dynamics (GD): Q1 EPS of $1.54 beats by $0.08. Revenue of $8.3B (+18%) vs. $7.8B. (PR) Comment!
• 00:05 AM Notable earnings before Wednesday's open: ABX, AET, AMG, AMT, ARW, BHI, BKC, CNP, ENDP, FCN, GD, GT, HES, IACI, JNY, MCO, MHS, MT, MTG, MWV, NYB, PX, Q, RAI, RDS.A, ROK, SAP, SEE, SI, SO, SPIL, SPW, TEL, TLM, TWC, TWX, UMC, VPHM, WMI, WYE, WYN Comment!

• Thursday, March 5, 2009

• 09:01 AM Premarket losers: GYMB -36%. BCS -18%. ING -17%. GM -16%. LYG -14%. CRH -11%. MT -10%. F -7.5%. AXA -7%. BHP -7%. HBAN -7%. ETFC -7%. GD -7%. PETM -7%. HBC -7%. AAUK -6%. WFC -6%. UBS -6%. RTP -6%. TS -6%. F -6%. USB -6%. E -6%. DB -6%. X -5%. BAC -5%. HIG -5%. GNW -5%. RIO -5%. MET -5%. Comment!
• 08:56 AM General Dynamics (GD): Sees 2009 EPS of $6.00-6.10 vs. previous guidance of $6.70-6.75 and consensus of $6.75, as a result of backlog deterioration at Gulfstream unit. Will layoff 1,200, and cut aircraft production to 73 from 94 in 2009. Shares -6.6% premarket. (PR) Comment!

• Wednesday, January 28, 2009

• 07:46 AM General Dynamics (GD): Q4 EPS of $1.62 beats by $0.03. Revenue of $7.85B (+4.5%) in-line. (PR) Comment!
• 00:05 AM Notable earnings before Wednesday's open: AAI, AMG, BA, BDX, BEN, BHI, COP, DOV, GD, HES, LM, MWV, NVS, NYT, PX, SAP, SO, SY, T, TDW, TEL, USG, WFC, WLP Comment!

• Tuesday, December 23, 2008

• 08:30 AM General Dynamics (GD) and Northrop Grumman (NOC) win a $14B contract from the U.S. Navy to build eight Virginia-class submarines, after succeeding in the 'nearly impossible' task of cutting each sub's price tag by $400M. Comment!

• Wednesday, October 22, 2008

• 08:13 AM General Dynamics (GD): Q3 EPS of $1.59 beats by $0.08. Revenue of $7.14B (+4.5%) vs. $7.37B. Shares +1.6%. (PR) Comment!
• 00:05 AM Notable earnings before Wednesday's open: ABFS, ABI, APD, ARW, ATI, BA, BHI, COP, DOV, EMC, FCL, GD, GENZ, GSK, KCI, KMB, MCD, MRK, NFX, NITE, NOC, NTRS, NWA, PM, R, RAI, ROH, RYN, SEIC, T, TCB, TRV, WB, WLP, WYE Comment!

• Tuesday, August 19, 2008

• 06:28 AM General Dynamics (GD) agrees to buy Jet Aviation, a business-plane fitter, for $2.25B. The acquisition should be completed by the end of the year. Comment!