Huntington Ingalls Indus Q1 2024 GAAP EPS $3.87 Beats $3.49 Estimate, Sales $2.805B Beat $2.793B Estimate
Portfolio Pulse from Benzinga Newsdesk
Huntington Ingalls Industries (HII) reported Q1 2024 earnings of $3.87 per share, surpassing the $3.49 estimate, marking a 19.81% increase from last year. Sales reached $2.805B, slightly above the $2.793B forecast, up 4.90% from the previous year.
May 02, 2024 | 11:22 am
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Huntington Ingalls Industries reported a strong Q1 2024 with earnings and sales surpassing estimates, indicating robust financial health and operational efficiency.
The significant beat on both earnings per share (EPS) and sales compared to analyst estimates typically leads to positive investor sentiment and could result in a short-term uptick in HII's stock price. The year-over-year growth in earnings and sales further reinforces the company's growth trajectory and operational success, likely bolstering investor confidence.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100