Huntington Ingalls Industries, Inc., also known as HII, reported an increase in profits for its first quarter, exceeding the predictions of Wall Street.
HII posted a profit of $153 million or $3.87 per share, an increase from the first quarter of the previous year, which saw profits of $129 million or $3.23 per share.
Typically, analysts exclude special items, with the average prediction standing at an earning of $3.53 per share, according to data compiled by Thomson Reuters.
HII's revenue for the quarter surged by 3.7%, amounting to $2.8 billion, compared to the $2.7 billion revenue in the same quarter of the previous year.
For a quick overview based on GAAP:
-Earnings (Q1): $153 million, an increase from $129 million of the previous year.
-EPS (Q1): $3.87, an increase from $3.23 of the previous year.
-Revenue (Q1): $2.8 billion, an increase from $2.7 billion of the previous year.
