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Defense contractor General Dynamics Corporation ( GD ) on Wednesday posted weaker-than-expected first quarter earnings results, hurt by sluggish performance at its information-systems and combat-systems units.

The Falls Church, VA-based company reported first quarter net income of $564 million, or $1.58 per share, compared with $618 million, or $1.66 per share, in the year-ago period.

Revenue fell 3% from last year to $7.58 billion.

On average, Wall Street analysts expected a higher profit of $1.69 per share, on larger revenue of $7.91 billion.

Looking ahead, GD backed its previously-announced full-year 2012 earnings forecast of $7.10 to $7.20 per share, which would miss Wall Street's view of $7.32 per share.

General Dynamics shares were unchanged in premarket trading Wednesday.

The Bottom Line
Shares of General Dynamics ( GD ) have a 2.91% dividend yield, based on last night's closing stock price of $70.06. The stock has technical support in the $65-$66 price area. If the shares can firm up, we see overhead resistance around the $75-$76 price levels.

General Dynamics Corporation ( GD ) is not recommended at this time, holding a Dividend.com DARS™ Rating of 3.4 out of 5 stars.

Be sure to visit our complete recommended list of the Best Dividend Stocks , as well as a detailed explanation of our ratings system here .

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