General Dynamics Q3 EPS $3.35 Misses Estimates; Honeywell Revenue $9.73B Beats, Dow Revenue $10.88B Surpasses

General Dynamics reported third-quarter 2024 earnings with an adjusted earnings per share (EPS) of $3.35, down from $3.49 in the previous quarter, and revenue of $11.67 billion, slightly below the prior quarter's $11.70 billion. The company's operating margin was reported at 10.1%, missing the estimated 10.5%. General Dynamics' backlog stood at $92.6 billion, reflecting a year-over-year decrease of 3.1%. Following the announcement, the company's stock fell by 1.3% in pre-market trading. In contrast, Honeywell reported an adjusted EPS of $2.58, exceeding estimates of $2.51, but its revenue of $9.73 billion fell short of the expected $9.88 billion. Honeywell also adjusted its full-year sales guidance to a range of $38.6 billion to $38.8 billion, down from a previous forecast of $39.1 billion to $39.7 billion. Meanwhile, Dow Inc. reported third-quarter earnings with revenue of $10.88 billion, surpassing estimates of $10.73 billion, and an adjusted operating EBITDA of $1.38 billion, exceeding the estimate of $1.31 billion. Dow's adjusted operating EPS was reported at $0.47, compared to $0.48 year-over-year. Following these results, Dow's stock rose by 1.6% in pre-market trading.