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SRA Posts Higher Earnings, Sales In Second Quarter

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SRA International [SRX] yesterday reported higher second quarter earnings and sales, which were driven largely by acquisitions. Net income increased 8 percent to $18 million, 30 cents earnings per share (EPS), compared to $16.7 million (29 cents EPS), a year ago, nipping consensus estimates by a penny. A year ago the sale of a business unit boosted earnings by $3.7 million. Sales in the quarter were $352.3 million, a 19 percent increase from $299 million a year ago. Organic growth…

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