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NEWPORT NEWS, Va. (AP) _ Huntington Ingalls Industries Inc. (HII) on Thursday reported fourth-quarter earnings of $149 million.
On a per-share basis, the Newport News, Virginia-based company said it had profit of $3.61. Earnings, adjusted for asset impairment costs, came to $4.36 per share.
The results exceeded Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of $4.24 per share.
The shipbuilder posted revenue of $2.41 billion in the period.
For the year, the company reported profit of $549 million, or $13.26 per share. Revenue was reported as $8.9 billion.
Huntington Ingalls shares have climbed almost 8% since the beginning of the year. The stock has increased 26% in the last 12 months.
This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on HII at https://www.zacks.com/ap/HII
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