CPI: 2Q Earnings Snapshot
EDGEWOOD, N.Y. (AP) _ CPI Aerostructures Inc. (CVU) on Wednesday reported second-quarter net income of $2.7 million.
The Edgewood, New York-based company said it had profit of 23 cents per share. Earnings, adjusted for pretax gains, were 14 cents per share.
The maker of aircraft parts for the armed forces and defense contractors posted revenue of $23.2 million in the period.
CPI shares have increased 21% since the beginning of the year. The stock has decreased 5% in the last 12 months.