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Amentum Sees Growth In Latest Quarter Due To Nuclear, Space Contracts

Amentum Sees Growth In Latest Quarter Due To Nuclear, Space Contracts
3D render of planet Earth viewed from space, with night lights in Europe and sun rising over Asia. Blue hue treatment. Elements from NASA (https://eoimages.gsfc.nasa.gov/images/imagerecords/57000/57752/land_shallow_topo_2048.jpg)

Earnings rose at Amentum [AMTM] in the past quarter, which the company attributed to “tailwinds” in nuclear power and defense, the company reported on Monday evening. This is Amentum’s first year as a publicly traded company. Net earnings for the quarter ended Oct. 3 were $3.9 billion, or 16 cents per share, up from $3.5 billion, or 28 cents a share, in the year-ago quarter. Quarterly revenue was $135 million, a five-fold increase from $27 million a year ago, according…

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