Alliant TechSystems posts lower quarterly profit
Nov 1 (Reuters) - Alliant TechSystems Inc, a supplier of ammunition and booster rockets, reported a lower quarterly profit on Thursday as sales fell in two large divisions.
Net income came to about $65 million, or $2.00 a share, in the fiscal second quarter ended Sept. 30, compared with about $80 million, or $2.43 a share, a year earlier, the company said on Thursday.
Total quarterly sales were down 4 percent to $1.1 billion. Sales in the aerospace group fell 7 percent to $310 million as revenue from NASA declined. Defense group sales decreased 8 percent to $484 million. Sporting group sales rose 11 percent to $275 million.
DAVOS, Switzerland - Central banks have done their best to rescue the world economy by printing money and politicians must now act fast to enact structural reforms and pro-investment policies to boost growth, central bankers said on Saturday.