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ATK Reports Strong Second Quarter

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Friday, November 2nd, 2007

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By Calvin Biesecker Alliant Techsystems [ATK] yesterday posted strong second financial results as sales and earnings across its operating segments made double-digit gains and the company increased its outlook for the rest of its fiscal year. Net income rose 28 percent to $51 million, $1.44 earnings per share (EPS), overcoming a $3.3 million after-tax charge related to the accelerated write off of debt issuance costs. Earnings beat consensus estimates by a nickel per share. A year ago ATK earned $39.9…

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