Huntington Ingalls reports fourth-quarter earnings below estimates, shares slide
Military Shipbuilder Huntington Ingalls missed estimates for fourth-quarter revenue and profit on Thursday, hurt by lower performance at its Newport News shipbuilding facility, sending its shares down 11% in pre-market trading.
Huntington Ingalls Sinks On Q4 Earnings Miss, Margins & Cash Flow Take A Hit
Huntington Ingalls Industries Inc (NYSE:HII) shares are trading lower after it reported fourth-quarter FY24 results. Sales and service revenue increased 5.4% year-over-year to $3.00 billion, missing the consensus of $3.
Why Huntington Ingalls (HII) Shares Are Trading Lower Today
What Happened? Shares of aerospace and defense company Huntington Ingalls (NYSE:HII) fell 17% in the morning session after the company reported a disappointing fourth quarter, with EPS missing significantly and revenue falling short of Wall Street's estimates.
Huntington Ingalls Shares Slide Premarket After Drop in 4Q Net
Shares of Huntington Ingalls slid premarket after the shipbuilder posted lower fourth-quarter earnings and revenue, amid struggles at a Virginia shipyard. Shares of Huntington slid 11% to $174.90 in premarket trading.
Huntington Ingalls Industries plunges on lower quarterly earnings
Huntington Ingalls Industries’ (NYSE:HII) stock dropped by 18% on Thursday after the shipbuilder reported lower earnings and revenue amid difficulties at a shipyard in Virginia. Fourth-quarter earnings fell to $123 million,
Huntington Ingalls Industries: A Shipbuilding Giant At A Turning Point
Huntington Ingalls has underperformed due to weak financials and Biden's lack of endorsement for increasing the Navy's fleet.
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