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ATK Posts Strong First Quarter, Raises Full-Year Sales And EPS Guidance

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By Ann Roosevelt ATK [ATK] yesterday posted a strong start for the first quarter of its fiscal year driven by double-digit performance in its Armaments Systems segment, leading to greater confidence in the year and improving the full-year outlook. Net income for the first quarter of fiscal year 2010 ending July 5 was up 28 percent to $69 million, with earnings per share (EPS) at $2.09, 35 percent growth over the $1.55 a year ago. Sales for the quarter rose…

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