NEWPORT NEWS, Va. (AP) — NEWPORT NEWS, Va. (AP) — Huntington Ingalls Industries Inc. (HII) on Thursday reported second-quarter earnings of $173 million.
The Newport News, Virginia-based company said it had net income of $4.38 per share.
The results exceeded Wall Street expectations. The average estimate of eight analysts surveyed by Zacks Investment Research was for earnings of $3.55 per share.
The shipbuilder posted revenue of $2.98 billion in the period, also exceeding Street forecasts. Eight analysts surveyed by Zacks expected $2.84 billion.
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