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Bad News for Defense Investors: General Dynamics' Terrific Growth Won't Last

TheMotleyFool

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Bad News for Defense Investors: General Dynamics' Terrific Growth Won't Last: https://g.foolcdn.com/editorial/images/784734/m1-abrams-main-battle-tank-silhouetted-against-a-sunset.jpg

General Dynamics (NYSE: GD) set a blistering pace for growth in the second quarter of 2024, reporting that its revenue grew 18% in comparison to last year's Q2 -- and its earnings grew 21%. So why were investors not impressed?

Shares of the defense giant slumped after earnings came out on Wednesday. And while those losses were pared in Thursday trading (the stock recovered about half of Wednesday's losses), investors still seem unconvinced that General Dynamics' growth path is for real, and that management can sustain it.

They may be right to worry.

Source Fool.com

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