By Calvin Biesecker General Dynamics [GD] yesterday reported a modest rise in net income in the first quarter amid a scant increase in sales as three of its four segments boosted operating profits. Net income increased nearly 4 percent to $618 million, $1.64 earnings per share (EPS), compared to $597 million ($1.53 EPS) a year ago as operating profits rose at the Aerospace, Combat Systems and Marine Systems segments. Operating margins increased 10 basis points to 11.9 percent. EPS results…
Margin Improvements Boost GD’s Earnings In First Quarter
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