Reported about 10 hours ago
Huntington Ingalls has reported fourth-quarter earnings and revenue that fell short of estimates, primarily due to poor performance at its Newport News shipbuilding facility, causing a significant 11% drop in its shares during pre-market trading. The company's quarterly profit plummeted to $3.15 per share, missing analysts' expectations of $3.49, while sales totaled $3 billion, also falling below estimates. Looking forward, Huntington Ingalls anticipates shipbuilding revenue for 2025 between $8.9 billion and $9.1 billion.
Source: YAHOO