WASHINGTON (dpa-AFX) - Huntington Ingalls Industries, Inc. (HII) shares are
trading higher on Thursday morning, after announcing 10 percent increase in
third-quarter earnings. Net sales were also up 7.2 percent from the previous
close.

The quarterly earnings were $148 million or $3.70 per share compared to $138
million or $3.44 per share last year.

On average, 10 analysts polled by Thomson Reuters expected the company to earn
$3.41 per share. Analysts' estimates usually exclude special items.

Revenue for the quarter increased to $2.816 billion from $2.626 billion last
year.

Looking ahead to the full year 2023, the company expects shipbuilding revenue in
a range range of $8.5 to $8.6 billion, while its previous guidance was in the
range of $8.4 to $8.6 billion. The company reaffirmed its shipbuilding and
Mission Technologies margin guidance.

Currently, shares are at $227.93, up 3.14 percent from the previous close of
$220.99 on a volume of 42,889 shares.



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