Sales Slow, and a Backlog Worry Looms at General Dynamics

Sales Slow, and a Backlog Worry Looms at General Dynamics

With earnings season in full swing, it's been a good news, bad news, worse news kind of a couple of weeks for defense investors.

Last week, Wall Street seemed unsure precisely how happy to be with Lockheed Martin's strong earnings report. First investors sold it; then they bought it back. With Lockheed Martin stock now selling within $1 of where it sold before earnings, investors appear to have ultimately decided to just let their money ride.

This week, it's General Dynamics' (NYSE: GD) turn to report earnings -- and investors appear to be in a less forgiving mood.

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Source: Fool.com