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Huntington Ingalls: 3Q Earnings Snapshot

Associated Press
Updated

NEWPORT NEWS, Va. (AP) _ Huntington Ingalls Industries Inc. (HII) on Thursday reported third-quarter earnings of $154 million.

The Newport News, Virginia-based company said it had net income of $3.74 per share.

The results exceeded Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of $3.63 per share.

The shipbuilder posted revenue of $2.22 billion in the period, also beating Street forecasts. Three analysts surveyed by Zacks expected $2.2 billion.

Huntington Ingalls shares have increased 23% since the beginning of the year. The stock has risen nearly 3% in the last 12 months.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on HII at https://www.zacks.com/ap/HII