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Orbital ATK Posts Solid Third Quarter

Cal Biesecker By
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Orbital ATK Posts Solid Third Quarter
An Orbital ATK Antares launch vehicle lifts off from Wallops Island, Va. Photo: Orbital ATK

Boosted by a settlement last month with a supplier, Orbital ATK [OA] on Tuesday posted solid third quarter financial results and the company increased its top and bottom line guidance for the year.Sales increased 2 percent to $1.1 billion from $1.1 billion a year ago after rounding. Adjusted net income rose 16 percent to $80 million, $1.35 earnings per share (EPS), from $69 million ($1.15 EPS), topping consensus estimates by 25 cents per share.The higher earnings were led by a…

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