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WASHINGTON (dpa-AFX) - Huntington Ingalls Industries (HII) reported fourth quarter adjusted earnings per share of $4.35 compared to $2.96, a year ago. On average, 13 analysts polled by Thomson
In a report released Monday, UBS analyst Darryl Genovesi upgrades Huntington Ingalls Industries (NYSE: HII) from Neutral to Buy, with a price target of $109. Analysts at UBS believe Huntington will recover from its recent underperformance within the defensive sector. Genovesi adds to the note. Read More. Don t Miss Any Updates! News Directly in Your Inbox Subscribe to:
A sharp increase in revenue at Newport News Shipbuilding largely due to its work on aircraft carriers powered a strong gain in business for its parent, Huntington Ingalls Industries for the fourth quarter of 2020, the company reported Thursday. Newport News Shipbuilding’s revenue rose 25.1% in the quarter over the year before, to reach $1.8 billion. After accounting for its operating costs .
Huntington Ingalls Industries, Inc. Q4 adjusted earnings of $4.35 per share
WASHINGTON (dpa-AFX) - Huntington Ingalls Industries, Inc. (HII) announced earnings for its fourth quarter that rose from last year.
The company s bottom line totaled $249 million, or $6.15 per share. This compares with $149 million, or $3.61 per share, in last year s fourth quarter.
Excluding items, Huntington Ingalls Industries, Inc. reported adjusted earnings of $176 million or $4.35 per share for the period.
The company s revenue for the quarter rose 14.5% to $2.76 billion from $2.41 billion last year.
Huntington Ingalls Industries, Inc. earnings at a glance:
-Earnings (Q4): $176 Mln. vs. $122 Mln. last year.
-EPS (Q4): $4.35 vs. $2.96 last year.