BUZZ-Huntington Ingalls slumps after Q1 earnings fall

Reuters
05-01
BUZZ-Huntington Ingalls slumps after Q1 earnings fall

** U.S. military shipbuilder Huntington Ingalls HII.N shares down 3% to $224

** Co reports fall in Q1 profit and revenue, weighed down in part by a continued slowdown at its facility that makes aircraft carriers for the Navy

** HII posts per-share profit of $3.79, lower than $3.87 posted a year earlier

** Co posts Q1 sales and services revenue of $2.73 bln, below expectations of $2.79 bln, as per data compiled by LSEG

** HII reaffirms full-year outlook and continues to expect shipbuilding revenue between $8.9 billion and $9.1 billion in 2025

** 4 of 13 brokerages rate the stock "buy" or higher, 8 "hold" and 1 "sell"; their median PT is $221- LSEG

** Including session moves, the stocks are up 18.5% YTD

(Reporting by Apratim Sarkar)

((Apratim.Sarkar@thomsonreuters.com))

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