General Dynamics (NYSE: GD) reported Q2 EPS of $2.27, $0.21 better than the analyst estimate of $2.06. Revenue for the quarter came in at $7.9 billion versus the consensus estimate of $7.68 billion.
Barclays Plc's investment bank posted a 35 percent increase in profit as costs fell and the division is scaled back. That also meant missing out on a rebound in mergers and equities trading that benefited competitors.
Defense contractor Northrop Grumman Corp. said second-quarter profit rose despite a sales drop, aided by a tax credit and reduced costs.
LONDON European equities advanced on Wednesday, spurred by strong corporate earnings and stabler Chinese markets, although moves were cautious in most financial assets before a policy decision from the U.S.
LONDON A further slide in sales of lung drug Advair and lower profit margins following a business overhaul hit GlaxoSmithKline (GSK.