Huntington Ingalls: 4Q Earnings Snapshot
Huntington Ingalls: 4Q Earnings Snapshot
NEWPORT NEWS, Va. (AP) _ Huntington Ingalls Industries Inc. (HII) on Thursday reported fourth-quarter net income of $212 million.
On a per-share basis, the Newport News, Virginia-based company said it had profit of $4.94.
The results exceeded Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of $4.45 per share.
The shipbuilder posted revenue of $2.2 billion in the period, which also beat Street forecasts. Three analysts surveyed by Zacks expected $2.06 billion.
For the year, the company reported profit of $836 million, or $19.09 per share. Revenue was reported as $8.18 billion.
Huntington Ingalls shares have climbed 13 percent since the beginning of the year. The stock has declined 9 percent 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