Orbital reports quarterly profit
Posted: Tue, Jul 20, 2004, 6:43 PM ET (2243 GMT)
Orbital Science Corporation announced Tuesday increased revenues and profits in its fiscal second quarter. The company reported net income of $11.1 million on $177.7 million in the quarter ending June 30, compared to a net loss of $4.6 million on $158.2 million in the same quarter last year. Nearly all the revenue growth came from its satellite and related space systems, which saw revenues increase to $85.8 million from $68.8 million a year ago; launch vehicles revenue was largely unchanged. The increase in net income came from improved performance in its satellite and transportation management systems divisions.
Orbital Science Corporation announced Tuesday increased revenues and profits in its fiscal second quarter. The company reported net income of $11.1 million on $177.7 million in the quarter ending June 30, compared to a net loss of $4.6 million on $158.2 million in the same quarter last year. Nearly all the revenue growth came from its satellite and related space systems, which saw revenues increase to $85.8 million from $68.8 million a year ago; launch vehicles revenue was largely unchanged. The increase in net income came from improved performance in its satellite and transportation management systems divisions.
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