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Business/Financial

Sporting Group Fuels Solid ATK Third Quarter, Quarterly Dividend, Outlook Increased

Defense Daily Staff

Thursday, January 30th, 2014

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Sporting Group Fuels Solid ATK Third Quarter, Quarterly Dividend, Outlook Increased

Showing continued strength in its growing sporting business, ATK [ATK] on Wednesday delivered strong third quarter financial results, with the company increasing its fiscal year outlook and quarterly dividend. Net income in the third quarter increased 27 percent to $80 million compared to $63 million a year ago. Adjusted net income in the third quarter was $93 million. Fully diluted earnings per share (EPS) were $2.46 compared to $1.93 in the prior-year period. On an adjusted basis, fully diluted EPS…

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