Huntington Ingalls Industries, Inc. (HII) announced a substantial lift in its second-quarter earnings, surpassing both the previous year's performance and Wall Street expectations.
The company reported a net income of $173 million, translating to earnings of $4.38 per share. This is a significant increase compared to the $130 million, or $3.27 per share, recorded in the same quarter last year.
According to data from Thomson Reuters, analysts had predicted the company would earn $3.61 per share on average. These estimates typically exclude special items.
Huntington Ingalls' revenue for the quarter saw a 6.8% rise, reaching $2.977 billion, up from $2.787 billion in the previous year.
Key financial highlights for Huntington Ingalls Industries, Inc. (GAAP):
- Earnings (Q2): $173 million vs. $130 million last year
- EPS (Q2): $4.38 vs. $3.27 last year
- Revenue (Q2): $2.977 billion vs. $2.787 billion last year
