Shipbuilding Giant Huntington Ingalls Charts Successful Course In Q3: Sales Climb, Margins Expand, And More
Portfolio Pulse from Akanksha Bakshi
Huntington Ingalls Industries Inc (HII) reported a 7.2% YoY increase in Q3 FY23 sales and service revenue to $2.82 billion, beating the consensus of $2.71 billion. EPS was $3.70, beating the consensus of $3.41. Operating income improved by 31.3% YoY to $172 million. The company declared a quarterly cash dividend of $1.30 per share, a $0.06 increase over the previous dividend. HII shares are trading higher by 4.86% at $231.74.
November 02, 2023 | 6:38 pm
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Huntington Ingalls Industries reported strong Q3 FY23 results, beating consensus on sales and EPS. The company also increased its dividend. Shares are trading higher.
Huntington Ingalls reported strong Q3 FY23 results, with sales and EPS beating consensus estimates. This positive news, along with the increase in dividend, is likely to have a positive impact on the company's stock in the short term.
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