Huntington Ingalls Industries shares are trading lower after the company reported worse-than-expected Q3 financial results. It also revised FY24 revenue outlook and withdrew 5-year free cash flow outlook.
Portfolio Pulse from Benzinga Newsdesk
Huntington Ingalls Industries shares declined following disappointing Q3 results and a revised FY24 revenue outlook. The company also withdrew its 5-year free cash flow outlook.
October 31, 2024 | 11:49 am
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Huntington Ingalls Industries reported worse-than-expected Q3 results, revised its FY24 revenue outlook, and withdrew its 5-year free cash flow outlook, leading to a decline in share price.
The company's disappointing Q3 results and negative revisions to future financial outlooks are likely to negatively impact investor sentiment, leading to a decline in stock price.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100