NEW YORK (TheStreet) -- General Dynamics(GD) - Get Report stock is climbing on Wednesday after the company beat analysts' estimates on the top- and bottom-line in its first quarter. 

By late afternoon, shares had added 3.3% to $111.64.

The aerospace and defense company recorded net income of $1.71 a share over the three months to March, 7 cents higher than analysts surveyed by Thomson Reuters had expected. 

Revenue of $7.3 billion slipped 1.1% year over year but beat expectations by $127 million. 

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TheStreet Ratings team rates GENERAL DYNAMICS CORP as a Buy with a ratings score of A-. TheStreet Ratings Team has this to say about their recommendation:

"We rate GENERAL DYNAMICS CORP (GD) a BUY. This is based on the convergence of positive investment measures, which should help this stock outperform the majority of stocks that we rate. The company's strengths can be seen in multiple areas, such as its solid stock price performance, impressive record of earnings per share growth, compelling growth in net income, attractive valuation levels and good cash flow from operations. We feel these strengths outweigh the fact that the company shows low profit margins."

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