SHLD - Why Defense Company Huntington Ingalls Shares Are Diving Today | Benzinga
Huntington Ingalls Industries Inc (NYSE:HII) shares are trading lower after it reported first-quarter FY24 results.
Sales and service revenue increased 4.9% Y/Y to $2.81 billion, beating the consensus of $2.79 billion.
Revenues by segments: Ingalls Shipbuilding $655 million (+13.5% Y/Y), Newport News Shipbuilding $1.43 billion (-4.8% Y/Y) and Mission Technologies $750 million (+20.2% Y/Y).
EPS of $3.87, up 19.8% Y/Y, beat the consensus of $3.49.
Operating income increased 9.2% Y/Y to $154 million, and the margin expanded by 22 bps Y/Y to 5.5%.
Segment operating income was $170 ...