Huntington Ingalls Industries, Inc. Reports Fall In Q1 Income, But Beats Estimates

(RTTNews) - Huntington Ingalls Industries, Inc. (HII) reported earnings for first quarter that decreased from last year but beat the Street estimates.

The company's bottom line came in at $149 million, or $3.79 per share. This compares with $153 million, or $3.87 per share, last year.

Analysts on average had expected the company to earn $2.81 per share. Analysts' estimates typically exclude special items.

The company's revenue for the period fell 2.5% to $2.734 billion from $2.805 billion last year.

Huntington Ingalls Industries, Inc. earnings at a glance (GAAP) :

-Earnings: $149 Mln. vs. $153 Mln. last year. -EPS: $3.79 vs. $3.87 last year. -Revenue: $2.734 Bln vs. $2.805 Bln last year.

-Guidance: Full year revenue guidance: $8.9 - $9.1 Bln