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General Dynamics Corp. Q1 Income Retreats

General Dynamics Corp. (GD) released earnings for first quarter that dropped from the same period last year.

The company's earnings totaled $745 million, or $2.56 per share. This compares with $799 million, or $2.65 per share, in last year's first quarter.

Analysts had expected the company to earn $2.42 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter rose 22.8% to $9.26 billion from $7.54 billion last year.

General Dynamics Corp. earnings at a glance:

-Earnings (Q1): $745 Mln. vs. $799 Mln. last year.
-EPS (Q1): $2.56 vs. $2.65 last year.
-Analysts Estimate: $2.42
-Revenue (Q1): $9.26 Bln vs. $7.54 Bln last year.

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