Huntington Ingalls Industries Inc (HII) Releases Earnings Results, Beats Expectations By $0.26 EPS

Huntington Ingalls Industries Inc (HII) reported quarterly earnings results on Thursday, May-5-2016. The company said it had a profit of $2.38 Earnings per Share for the quarter. The results exceeded Wall Street expectations beating the analyst consensus estimate by $0.26. Analysts had a consensus of $2.12. The company posted revenue of $1763.00 million in the period, compared to analysts expectations of $1594.61 million. The company’s revenue was up 12.3% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.42 EPS.

Huntington Ingalls Industries Inc closed down -0.82 points or -0.56% at $145.13 with 3,66,870 shares getting traded on Wednesday. Post opening the session at $144.87, the shares hit an intraday low of $143.34 and an intraday high of $145.81 and the price fluctuated in this range throughout the day.Shares ended Wednesday session in Red.

In a different news, on Apr 5, 2016, Jerri F Dickseski (Corp. VP, Communications) sold 750 shares at $136.00 per share price. According to the SEC, on Jan 11, 2016, Barbara A Niland (Corp VP and CFO) sold 20,261 shares at $130.00 per share price. On Nov 23, 2015, D R Wyatt (Corp VP & Treasurer) sold 800 shares at $134.92 per share price, according to the Form-4 filing with the securities and exchange commission.

Huntington Ingalls Industries Inc. (HII) designs builds overhauls and repairs ships for the United States Navy and the United States Coast Guard. The Company is the designer builder and refueler of nuclear powered aircraft carriers the builder of amphibious assault and expeditionary warfare ships for the United States Navy and the sole builder of National Security Cutters for the United States Coast Guard. The Company designs and builds nuclear-powered submarines for the United States Navy and builds the Navy’s fleet of DDG51 Arleigh Burke-class destroyers. The Company operates its shipbuilding business through Huntington Ingalls Incorporated subsidiary which is organized into two segments: Ingalls Shipbuilding (Ingalls) which includes non-nuclear ship design construction repair and maintenance businesses and Newport News Shipbuilding (Newport News) which includes the nuclear ship design construction overhaul refueling and repair and maintenance businesses.

Huntington Ingalls Industries Inc

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