General Dynamics Stock Falls Despite Earnings Beat
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General Dynamics’ earnings report was good, but not good enough to send the stock higher. “We continue to see steady growth and improvement in operating performance across the defense portfolio,” said CEO Phebe Novakovic in a news release. Shares climbed in premarket trading, but fell during the day, closing at $265.73, down 3.3%, while the S&P 500 and Dow Jones Industrial Average rose 1.7% and 1.1%, respectively.