Huntington Ingalls Indus Q2 2024 GAAP EPS $4.38 Beats $3.57 Estimate, Sales $2.977B Beat $2.845B Estimate
Portfolio Pulse from Benzinga Newsdesk
Huntington Ingalls Industries (NYSE:HII) reported Q2 2024 earnings per share (EPS) of $4.38, surpassing the analyst consensus estimate of $3.57 by 22.69%. The company also reported quarterly sales of $2.977 billion, exceeding the analyst consensus estimate of $2.845 billion by 4.65%. This represents a 6.82% increase over sales of $2.787 billion in the same period last year.
August 01, 2024 | 11:16 am
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POSITIVE IMPACT
Huntington Ingalls Industries (NYSE:HII) reported strong Q2 2024 results, with EPS of $4.38 beating estimates by 22.69% and sales of $2.977 billion exceeding estimates by 4.65%. This positive performance is likely to boost investor confidence and drive the stock price up in the short term.
The significant beat on both EPS and sales estimates, along with a year-over-year sales increase, indicates strong financial performance. This is likely to positively impact the stock price as it reflects better-than-expected company health and growth.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100