Huntington Ingalls Industries Inc (HII) Q4 2024 Earnings Call Highlights: Navigating Challenges ...
Despite a dip in net earnings, Huntington Ingalls Industries Inc (HII) focuses on strategic growth and operational improvements for future success.
Huntington Ingalls Industries Inc. stock underperforms Thursday when compared to competitors
Shares of Huntington Ingalls Industries Inc. HII plunged 18.32% to $159.75 Thursday, on what proved to be an all-around mixed trading session for the stock market, with the S&P 500 Index SPX rising 0.36% to 6,083.57 and the Dow Jones Industrial Average DJIA falling 0.28% to 44,747.63.
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, or $3.15 a share, from $274 million, or $6.90 a share, a year earlier.
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.
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 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. See why HII stock is a Buy now.
Huntington Ingalls Industries, Inc. Q4 Income Retreats, But Beats Estimates
Huntington Ingalls Industries, Inc. (HII) announced a profit for fourth quarter that decreased from the same period last year but
Huntington Ingalls: Q4 Earnings Snapshot
The results fell short of Wall Street expectations. The average estimate of nine analysts surveyed by Zacks Investment Research was for earnings of $3.28 per share. The shipbuilder posted revenue of $3 billion in the period, also missing Street forecasts. Seven analysts surveyed by Zacks expected $3.03 billion.
Huntington Ingalls shares tumble after earnings miss
The financial outlook provided by Huntington Ingalls projected mid to long-term revenue growth of over 4%, with specific growth in shipbuilding revenue at around 4% and Mission Technologies revenue at approximately 5%.
Huntington Ingalls Industries, (HII) Stock Forecasts
Huntington Ingalls Industries is the largest independent military shipbuilder in the US, spun off of Northrop Grumman in 2011. It operates three segments, two of which are storied shipyards: Ingalls produces non-nuclear-powered ships including amphibious landing ships and Arleigh Burke-class destroyers while Newport News produces nuclear-powered ships as the only producer of Gerald Ford-class aircraft carriers and a major subcontractor on Virginia and Columbia-class nuclear submarines.
Huntington Ingalls Stock Plummets 18% After Sharp Decline In Q4 Earnings
Huntington Ingalls Industries, Inc. (HII) is down by 18 percent during Thursday's trading, falling $34.00 to $161.58. The stock
Bronstein, Gewirtz & Grossman, LLC Is Investigating Huntington Ingalls Industries, Inc. (HII) And Encourages Stockholders to Connect
NEW YORK CITY, NY / ACCESS Newswire / February 3, 2025 / Bronstein, Gewirtz & Grossman, LLC is investigating potential claims ...
HII targets $15B annual revenue by 2030 amid operational improvements
Q4 2024 Management View CEO Christopher Kastner highlighted the company’s focus on operational improvements and cost reductions to counter challenges from pre-COVID contracts. He emphasized the aim to ...