Huntington Ingalls Industries (HII) Misses Q3 EPS by 13c

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Huntington Ingalls Industries Reports Third Quarter 2016 Results

November 3, 2016 7:15 AM EDT

Revenues were $1.68 billionTotal operating margin was 10.4%Segment operating margin was 8.3%Diluted earnings per share was $2.27Cash and cash equivalents at the end of the quarter were $957 million

NEWPORT NEWS, Va., Nov. 03, 2016 (GLOBE NEWSWIRE) -- Huntington Ingalls Industries (NYSE: HII) reported third quarter 2016 revenues of $1.68 billion, down 6.5 percent from the same period last year. Diluted earnings per share in the quarter was $2.27, compared to $2.29 in the same period of 2015.

Operating income in the quarter was $175 million, compared to $200 million in the same period last year.... More