
General Dynamics [GD] on Wednesday reported higher earnings in the second quarter on the strength of improved operating income at all four business segments although sales dipped slightly on declines at the business jet and information technology businesses.Based on the earnings results so far this year, GD raised its guidance for the year by 20 cents earnings per share (EPS) to between $9.70 and $9.75 EPS.Net income in the quarter rose 5 percent to $749 million ($2.45 EPS) from $714…