
General Dynamics [GD] on Wednesday posted first quarter sales and earnings that were basically in line with results from a year ago although the bottom line beat analysts’ expectations.Net income was $717 million, $2.30 earnings per share (EPS), versus $716 million ($2.14 EPS) a year ago. Per share results were up 8 percent on fewer shares outstanding as a result of GD’s stock repurchases.Excluding a $13 million (4 cents EPS) loss from the company’s former AxleTech business that was sold…