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ATK Posts Higher Income, Sales In Second Quarter

ATK Posts Higher Income, Sales In Second Quarter
Long-range hunting rifle scope. Part of ATK's Sporting portfolio through its Bushnell acquisition a year ago that contributed $145 million in sales in the second quarter. Photo: ATK

ATK [ATK] on Thursday reported higher net profit and sales in its second quarter driven by an acquisition in the company’s business that provides bullets, guns and related accessories in the sporting market. Net income edged up 2 percent to $95 million, $2.97 earnings per share (EPS), from $93 million ($2.86 EPS) a year ago, beating consensus estimates by three cents. The per share results were a quarterly record for ATK. Sales increased 11 percent to $1.3 billion from $1.1…

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