Movement Alert｜Huntington Ingalls Pre-Market Rise 6.7%, Q3 earnings beat expectations on both profit and revenue

Market Focus10-29

On October 29, Huntington Ingalls rose 6.7% in Pre-Market Trading, trading at $297.98/share, with turnover of $93.8 thousand.

The move followed the company’s latest quarterly results, which topped Wall Street expectations on both earnings and sales.

Huntington Ingalls reported Q3 EPS of $5.48, above consensus estimates of $4.36 to $4.42. Revenue was $3.537 billion, also ahead of the $3.376 billion expectation. The earnings beat was roughly 24% versus the consensus figure cited in the market update, while EPS also increased from $3.68 a year earlier. Before the release, the market had been looking for about 14.07% revenue growth and adjusted EPS of about $4.39, making the reported figures a clear outperformance versus pre-report expectations.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)

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