
HII [HII] on Thursday reported lower earnings in the second quarter on a steep drop in operating income at two of its business segments despite a solid increase in sales. Net income fell 27 percent to $130 million, $3.27 earnings per share (EPS), from $178 million ($4.44 EPS) a year ago, beating consensus estimates by 15 cents per share. Sales increased 5 percent to a record $2.8 billion from $2.7 billion a year ago. The results were similar to the…