
Huntington Ingalls Industries [HII] on Thursday reported mixed results in its third quarter, with sales up on acquisitions and work in its nuclear shipyard while earnings fell due to lower operating income from its shipbuilding and a less favorable adjustment in pension income versus a year ago. Net income sank 33 percent to $154 million, $3.74 earnings per share (EPS), from $229 million ($5.29 EPS) a year ago, still topping consensus estimates by 11 cents per share. Operating margin fell…