General Dynamics Corporation (NYSE:GD) reported better-than-expected Q1 earnings.

General Dynamics reported first-quarter FY23 revenue growth of 5.2% year-over-year to $9.88 billion, beating the consensus of $9.33 billion. EPS increased by 1.1% Y/Y to $2.64, above the consensus of $2.59.

The company reported a year-over-year operating margin decline in multiple segments.

General Dynamics shares fell 3.6% to close at $214.83 on Wednesday.

These analysts made changes to their price targets on General Dynamics following earnings announcement.

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