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Orbital ATK’s Earnings Dip In Fourth Quarter On Tax Bite

Orbital ATK’s Earnings Dip In Fourth Quarter On Tax Bite
An Orbital ATK Antares launch vehicle lifts off from Wallops Island, Va. Photo: Orbital ATK

Orbital ATK [OA] on Thursday said its fourth quarter net income fell slightly due to a one-time tax charge although operating results overall were strong.The company didn’t host an investor call and the earnings report is likely the last before it is acquired by Northrop Grumman [NOC], which is expected to occur during the first half of 2018. Orbital ATK also didn’t provide guidance due to the pending acquisition.Net income fell 5 percent to $61.2 million, $1.06 earnings per share…

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