NEWPORT NEWS, Va. (AP) _ Huntington Ingalls Industries Inc. (HII) on Thursday reported first-quarter profit of $148 million.

The Newport News, Virginia-based company said it had profit of $3.68 per share.

The results surpassed Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of $2.52 per share.

The shipbuilder posted revenue of $2.28 billion in the period.

Huntington Ingalls shares have increased 25% since the beginning of the year. The stock has climbed 17% in the last 12 months.

This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on HII at https://www.zacks.com/ap/HII

Copyright by Automated Insights, Inc. All rights reserved., source Associated Press News