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  • Friday, April 19, 2024

Orbital ATK Tops 2Q Wall Street Estimates By 26 Cents, Beats Revenue By $50M


Orbital ATKOrbital ATK (NYSE: OA) has reported fiscal year 2015 second quarter earnings of $1.28 per share to beat the consensus Wall Street estimate by 26 cents.

The Dulles, Va.-based rocket and launch vehicle manufacturer posted a $76.6 million profit for the quarter.

Second quarter revenue was $1.13 billion and analysts’ projections by $50 million.

Orbital ATK has increased its fiscal 2015 earnings guidance to between $4.60 and $4.80 per share from the previous $4.40-to-$4.60 range.

The company also raised its full year revenue forecast to between $4.42 billion and $4.5 billion from the prior $4.35 billion-to-$4.45 billion range.

Orbital ATK shares were up 5.75 percent to $75.98 as of 10:13 a.m. Eastern time.

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