Accounting charges leave Orbital with $6.4 million loss in 1998
Orbital Sciences Corp. posted record sales of $734.3 million in 1998, 21% higher than 1997, but a net loss of $6.4 million due to one-time, non-cash accounting charges. In 1997, Orbital earned $23 million on revenues of $606 million. The accounting charges that resulted in the 1998 loss consisted of...
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