NEWPORT NEWS, Va. (AP) — NEWPORT NEWS, Va. (AP) — Huntington Ingalls Industries Inc. (HII) on Thursday reported third-quarter profit of $101 million.
On a per-share basis, the Newport News, Virginia-based company said it had profit of $2.56.
The results did not meet Wall Street expectations. The average estimate of nine analysts surveyed by Zacks Investment Research was for earnings of $3.84 per share.
The shipbuilder posted revenue of $2.75 billion in the period, which also missed Street forecasts. Eight analysts surveyed by Zacks expected $2.88 billion.
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