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The filed complaint alleges that Huntington Ingalls Industries, Inc. made materially false and/or misleading statements and/or failed to disclose that: On October 31, 2024, Huntington Ingalls reported Q3 earnings that fell considerably short of analyst estimates, including a 34.2% miss on EPS. The Company's gross and operating margins both also fell from the same quarter in the previous year. Following this news, Huntington Ingalls stock fell over 26% on that same day.
In order to be eligible to join the HII class action lawsuit, you must have incurred a loss on shares of Huntington Ingalls Industries, Inc. purchased during the class period listed above.
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