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HUNTINGTON INGALLS ALERT: Bragar Eagel & Squire, P.C. is Investigating Huntington Ingalls Industries, Inc. on Behalf of Huntington Ingalls Stockholders and Encourages Investors to Contact the Firm
Huntington Ingalls IndustriesHuntington Ingalls Industries(US:HII) GlobeNewswire News Roomยท2024-11-08 02:00

Core Viewpoint - Huntington Ingalls Industries, Inc. has faced significant scrutiny following its Q3 earnings report, which revealed a substantial earnings miss and a sharp decline in stock price, prompting investigations into potential violations of federal securities laws [2][1]. Financial Performance - On October 31, 2024, Huntington Ingalls reported Q3 earnings that were considerably below analyst expectations, with a 34.2% miss on earnings per share (EPS) [2]. - The company's gross and operating margins also declined compared to the same quarter in the previous year [2]. - Following the earnings report, Huntington Ingalls' stock price dropped over 26% on the same day [2]. Legal Investigation - Bragar Eagel & Squire, P.C. is investigating potential claims against Huntington Ingalls on behalf of its stockholders, focusing on possible violations of federal securities laws and other unlawful business practices [1][4]. - The law firm is reaching out to stockholders who may have suffered losses and is encouraging them to participate in the investigation [3].