Huntington Ingalls Industries Inc. said its normalized net income for the third quarter amounted to $2.43 per share, compared with the S&P Capital IQ consensus estimate of $2.01 per share.
EPS increased 19.7% year over year from $2.03.
Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was $117.5 million, a gain of 18.2% from $99.4 million in the prior-year period.
The normalized profit margin increased to 6.1% from 5.8% in the year-earlier period.
Total revenue increased on an annual basis to $1.80 billion from $1.72 billion, and total operating expenses climbed on an annual basis to $1.59 billion from $1.54 billion.
Reported net income grew 15.4% year over year to $110.8 million, or $2.29 per share, from $96.0 million, or $1.96 per share.