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Newport News, Virginia-based Huntington Ingalls Industries, Inc. (HII) designs, builds, overhauls, and repairs military ships in the United States. With a market cap of $10 billion, the company operates through three segments: Ingalls, Newport News, and Mission Technologies.
HII is scheduled to report its Q2 earnings on Thursday, July 31, before the market opens. Ahead of this event, analysts expect the company to report a profit of $3.23 per share, down 26.3% from $4.38 per share in the year-ago quarter. The company has surpassed Wall Street's bottom-line estimates in two of the past four quarters, while missing on two other occasions.