Huntington Ingalls Industries, Inc. (HII) shares plummeted 5.41% in pre-market trading on Thursday, following the release of the company's fourth-quarter 2024 financial results.
The defense contractor reported a Q4 operating margin of 3.7%, which fell short of analysts' expectations. Additionally, the company's net income for the quarter came in at $123 million, while adjusted operating income was $103 million, and operating income was $110 million.
Investors appeared to be disappointed with the underwhelming quarterly performance, leading to the sharp sell-off in Huntington Ingalls' stock during the pre-market session.
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