Cubic: Fiscal 3Q Earnings Snapshot
Aug. 08, 2018
SAN DIEGO (AP) _ Cubic Corp. (CUB) on Wednesday reported fiscal third-quarter net income of $6.3 million, after reporting a loss in the same period a year earlier.
On a per-share basis, the San Diego-based company said it had profit of 23 cents. Earnings, adjusted to account for discontinued operations, were 3 cents per share.
The results did not meet Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of 13 cents per share.
The electronics company posted revenue of $296.2 million in the period, which beat Street forecasts. Three analysts surveyed by Zacks expected $278.7 million.
Cubic expects full-year revenue in the range of $1.14 billion to $1.19 billion.
Cubic shares have increased 14 percent since the beginning of the year. The stock has climbed 53 percent in the last 12 months.