Huntington Ingalls: Q1 Earnings Snapshot

NEWPORT NEWS, Va. (AP) _ Huntington Ingalls Industries Inc. (HII) on Thursday reported first-quarter profit of $140 million.

The Newport News, Virginia-based company said it had net income of $3.50 per share.

The results exceeded Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of $3.31 per share.

The shipbuilder posted revenue of $2.58 billion in the period.


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