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General Dynamics Q1 Profit Beats View, but Revenue Falls (GD)

Defense contractor General Dynamics Corporation ( GD

) said Wednesday that its first quarter profit edged up 1% from last year, despite a decline in overall revenue.

The Falls Church, VA-based company reported first quarter net income of $597 million, or $1.55 per share, compared with $590 million, or $1.53 per share, in the year-ago period.

Revenue fell 6% from last year, to $7.75 billion.

On average, Wall Street analysts expected a smaller profit of $1.51 per share.

The company noted that "Aerospace and Combat Systems margin growth was especially strong," while overall margins rose to 11.8% throughout the company, compared with 11% last year.

General Dynamics shares were mostly flat in premarket trading Wednesday.

The Bottom Line

We have been recommending shares of GD since Mar.25, when the stock was trading at $75.74. The company has a 2.19% dividend yield, based on last night's closing stock price of $76.56.

General Dynamics Corporation ( GD ) is a "recommended" dividend stock, holding a Dividend.com DARS™ Rating of 3.5 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 .

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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