NEWPORT NEWS, Va. (AP) — NEWPORT NEWS, Va. (AP) — Huntington Ingalls Industries Inc. (HII) on Thursday reported first-quarter net income of $149 million.
On a per-share basis, the Newport News, Virginia-based company said it had net income of $3.79.
The results exceeded Wall Street expectations. The average estimate of nine analysts surveyed by Zacks Investment Research was for earnings of $2.90 per share.
The shipbuilder posted revenue of $2.73 billion in the period, which fell short of Street forecasts. Eight analysts surveyed by Zacks expected $2.79 billion.
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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on HII at https://www.zacks.com/ap/HII
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