Huntington Ingalls' Q1 earnings fall on slowing volume

Companies such as Huntington, however, are expected to receive a boost as President Donald Trump pushes to revitalize American shipbuilding through higher spending in the sector.

For the first quarter, Huntington's per-share profit was $3.79 on a net income of $149 million, lower than the $3.87 or $153 million it reported a year earlier.