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General Dynamics Climbs After Profit Tops Estimates

Tony Owusu

was climbing more than 2% in trading Wednesday after the defense company reported first-quarter results that topped analysts' expectations. The Falls Church, Virginia-based company reported first-quarter earnings of $745 million, or $2.56 per share on an adjusted basis, on revenue of $9.26 billion. "The solid sales gains and strong bookings reflect the market-leading performance we expect of our operating units," said Phebe Novakovic, chairman and chief executive officer.