From Investing.com: 2024-05-02 12:50:50

Huntington Ingalls beats earnings expectations but profits fall short, shares drop 12%. Rising demand for submarines and aircraft carriers due to global tensions benefits the company. First-quarter revenue hits $2.81 billion, exceeding estimates. Despite solid performance, challenges like labor retention and program delays affect future contracts. Company reaffirms 2024 revenue target.



Read more at Investing.com: Military shipbuilder Huntington beats Q1 estimates, shares down 12% on weak profit margins By Reuters