ATK [ATK] yesterday opened its new fiscal year with a small increase in net income due to lower interest expenses and taxes that were partially offset by a decline in operating profits. ATK’s results blew by consensus earnings estimates and the company significantly raised its top and bottom line guidance for the year due in large part to the recent acquisition of sport gun maker Savage Sports. Net income rose 2 percent to $72.1 million, $2.26 earnings per share, from…
