Huntington Ingalls Q3 Earnings Miss Estimates, Revenues Decline Y/Y
Huntington Ingalls Industries(HII) ZACKS·2024-11-01 00:10
Huntington Ingalls Industries, Inc.’s (HII) third-quarter 2024 earnings of $2.56 per share declined 30.8% from $3.70 reported in the prior-year quarter. The bottom line also missed the Zacks Consensus Estimate of $3.84 by 33.3%.The year-over-year decline can be attributed to poor sales as well as operating income delivered by HII in the third quarter.Total RevenuesRevenues for the quarter totaled $2.75 billion, which missed the Zacks Consensus Estimate of $2.88 billion by 4.5%. The top line also declined 2. ...