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Barchart
Sristi Jayaswal

Huntington Ingalls Industries' Q2 2024 Earnings: What to Expect

Huntington Ingalls United States HII

Newport News, Virginia-based Huntington Ingalls Industries, Inc. (HII) designs, builds, overhauls, and repairs military ships in the U.S. With a market cap of $10.1 billion, the company operates through Ingall, Newport News, and Mission Technologies segments. It is expected to announce its Q2 earnings before the market opens on Thursday, August 1.

Ahead of the event, analysts expect Huntington Ingalls to report a profit of $3.59 per share, up 9.8% from $3.27 per share reported in the year-ago quarter. The company has consistently surpassed Wall Street’s EPS projections over the past four quarters. Its EPS for the last reported quarter grew 19.8% to $3.87, exceeding the consensus estimates by 10.6%. At the same time, its sales rose by 4.9% compared to the prior-year quarter.

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