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General Dynamics Crashes despite strong fourth quarter on weak guidance

General Dynamics Corp. (GD) announced strong quarterly results Wednesday, topping analysts top and bottom line estimates even when the airline department went through a new model transition that could have affected sales.

However, the company's share falls 3.5% Wednesday after the company gave weak year-round guidance in a redemption after earnings. The company expects to earn between $ 11.60 and $ 11.70 per share in 2019, short of Wall Street consensus $ 11.98 per share expectations.

Revenues of $ 38.5 billion are also expected to fall below $ 39.2 billion estimates.

The Fall Church, VA-based defense contractor, reported a fourth-quarter revenue of $ 3.07 per share, an increase of 20.4% year on year, with revenue of $ 1[ads1]0.4 billion, a 16.9% hope from one year earlier.

"General Dynamics delivered solid performance in 2018," said Phebe N. Novakovic, Chairman and CEO. "Our aviation segment succeeded successfully through a new model transition, while at the same time achieving good order intake. Our defense businesses had a strong operating profit and continued to order significant new business."

Analysts asked by FactSet expected the company to report revenue of $ 2.98 a share of revenue of $ 10.36 billion.

All five of the company's segments reported revenue growth, including the Ministry of Aviation, which would have been due to slumping sales as the segment went through a continuous transition to new aircraft models.

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