CPI: 2Q Earnings Snapshot
Aug. 08, 2018
EDGEWOOD, N.Y. (AP) _ CPI Aerostructures Inc. (CVU) on Wednesday reported second-quarter profit of $1.3 million.
On a per-share basis, the Edgewood, New York-based company said it had profit of 14 cents.
The maker of aircraft parts for the armed forces and defense contractors posted revenue of $20.3 million in the period.
CPI expects full-year revenue in the range of $82 million to $85 million.
CPI shares have dropped nearly 6 percent since the beginning of the year. The stock has dropped 9 percent in the last 12 months.