NEWPORT NEWS, Va. (AP) — NEWPORT NEWS, Va. (AP) — Huntington Ingalls Industries Inc. (HII) on Thursday reported fourth-quarter earnings of $159 million.
The Newport News, Virginia-based company said it had net income of $4.04 per share.
The results exceeded Wall Street expectations. The average estimate of 11 analysts surveyed by Zacks Investment Research was for earnings of $3.72 per share.
The shipbuilder posted revenue of $3.48 billion in the period, also topping Street forecasts. Ten analysts surveyed by Zacks expected $3.06 billion.
For the year, the company reported profit of $605 million, or $15.39 per share. Revenue was reported as $12.48 billion.
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