AP NEWS

CPI: 2Q Earnings Snapshot

August 8, 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.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on CVU at https://www.zacks.com/ap/CVU

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