
General Dynamics [GD] on Wednesday said its net income in the second quarter edged up a bit despite a slight drop in sales on improved operating margins and the bottom line topped analysts’ estimates.Net income rose nearly a percent to $758 million, $2.44 earnings per share (EPS), from $752 million ($2.27 EPS) a year ago, topping Wall Street’s estimates by 13 cents EPS. The earnings results benefited from lower taxes in the quarter and a 30 basis point improvement in…