On October 31, 2024, Huntington Ingalls reported disappointing third-quarter earnings that fell considerably short of analyst estimates, including a 34.2% miss on EPS, and cut its full-year guidance. Additionally, Huntington Ingalls reported that the company’s gross and operating margins both fell from the same quarter in the previous year. Following this news, Huntington Ingalls stock dropped over 26%, from a close of $250.49 per share on October 30, 2024, to close at $184.96 per share on October 31, 2024.
If you have any questions or would like to discuss this investigation, please contact Kessler Topaz Meltzer & Check, LLP: Jonathan Naji, Esq. (484) 270-1453 or via e-mail at info@ktmc.com.