Huntington Ingalls: 2Q Earnings Snapshot
NEWPORT NEWS, Va. (AP) _ Huntington Ingalls Industries Inc. (HII) on Thursday reported second-quarter profit of $128 million.
On a per-share basis, the Newport News, Virginia-based company said it had net income of $3.07.
The results fell short of Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of $3.56 per share.
The shipbuilder posted revenue of $2.19 billion in the period, which topped Street forecasts. Three analysts surveyed by Zacks expected $2.12 billion.
Huntington Ingalls shares have increased 20% since the beginning of the year. The stock has decreased nearly 2% in the last 12 months.