UPDATE: Orbital Sciences Posts Rise In Q1 Profit

Orbital Sciences Corp ORB reported a rise in its first-quarter profit, and affirmed its full-year forecast. Orbital Sciences's quarterly net income climbed to $13 million, or $0.22 per share, up from $12.3 million, or $0.21 per share, in the year-ago period. Orbital Sciences shares closed at $12.52 yesterday.