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Orbital Posts Strong Third Quarter Financial Results

Rich Abott By
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Orbital Sciences Corp. [ORB] on Oct. 16 reported strong third quarter financial results, led by solid operating performance, and the company increased its earnings outlook for the year. Net income jumped 36 percent to $21.2 million, 35 cents earnings per share (EPS), from $15.6 million (26 cents EPS),  beating consensus estimates by 7 cents. The gain in earnings was aided by a significant increase in research and development expenses, $7.5 million versus $23.1 million a year ago, due to completion…

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