Huntington Ingalls Industries, Inc. Reveals Rise In Q1 Profit, Beats estimates

(RTTNews) - Huntington Ingalls Industries, Inc. (HII) reported a profit for its first quarter that increased from the same period last year and beat the Street estimates.

The company's bottom line came in at $153 million, or $3.87 per share. This compares with $129 million, or $3.23 per share, in last year's first quarter.

Analysts on average had expected the company to earn $3.53 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter rose 3.7% to $2.8 billion from $2.7 billion last year.

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

-Earnings (Q1): $153 Mln. vs. $129 Mln. last year. -EPS (Q1): $3.87 vs. $3.23 last year. -Revenue (Q1): $2.8 Bln vs. $2.7 Bln last year.