NEWPORT NEWS, Va. (AP) — NEWPORT NEWS, Va. (AP) — Huntington Ingalls Industries Inc. (HII) on Tuesday reported first-quarter net income of $149 million.
On a per-share basis, the Newport ²ÝÝ®´«Ã½, Virginia-based company said it had profit of $3.79.
The results exceeded Wall Street expectations. The average estimate of 10 analysts surveyed by Zacks Investment Research was for earnings of $3.70 per share.
The shipbuilder posted revenue of $3.1 billion in the period, also beating Street forecasts. Nine analysts surveyed by Zacks expected $3.02 billion.
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