Huntington Ingalls Stock Plummets 18% After Sharp Decline In Q4 Earnings

(RTTNews) - Huntington Ingalls Industries, Inc. (HII) is down by 18 percent during Thursday's trading, falling $34.00 to $161.58.

The stock tumbled after the company reported a significant drop in fourth-quarter profit to $123 million, down from $274 million last year. Sales and service revenues also declined to $3.00 billion from $3.18 billion.

HII is currently trading at $160.15, down $35.43 from the previous close of $195.58. The stock has fluctuated today, reaching a high of $175.00 and a low of $161.00. Trading volume has surged to 1.5 million shares, well above the average volume of 550,000.