Cubic: Fiscal 1Q Earnings Snapshot
SAN DIEGO (AP) _ Cubic Corp. (CUB) on Wednesday reported a loss of $6.6 million in its fiscal first quarter.
The San Diego-based company said it had a loss of 23 cents per share. Losses, adjusted for costs related to mergers and acquisitions and restructuring costs, came to 7 cents per share.
The electronics company posted revenue of $305.3 million in the period, surpassing Street forecasts. Three analysts surveyed by Zacks expected $292.2 million.
Cubic: Fiscal 4Q Earnings Snapshot
SAN DIEGO (AP) _ Cubic Corp. (CUB) on Thursday reported fiscal fourth-quarter earnings of $17.8 million.
On a per-share basis, the San Diego-based company said it had profit of 65 cents. Earnings, adjusted to account for discontinued operations, came to 80 cents per share.
The results missed Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of $1.02 per share.
Cubic: Fiscal 3Q Earnings Snapshot
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.
MBTA awards $723M contract to modernize fare collection
BOSTON (AP) — The board overseeing the nation's fifth-largest transit agency has approved a $723 million overhaul of its fare collection system that will phase-out the CharlieCard and allow riders to board trains, trolleys and buses with the tap of a credit card or smartphone.
The Massachusetts Bay Transportation Authority awarded a 13-year contract to San Diego-based Cubic Corp. to design and operate the new system, which officials hope to have fully implemented by the spring of 2020.
The Latest: MBTA approves $723M overhaul of fare system
BOSTON (AP) — The Latest on the MBTA's announcement of a new automated fare collection system (all times local):
The fiscal control board that oversees the Boston-area transit agency has approved a 13-year, $723 million contract to develop and operate a revamped fare collection system.
MBTA officials said Monday the new system will be designed to allow passengers to board trolleys, trains and buses with a single tap of a credit card or smartphone.
The mass transit arm of San Diego’s Cubic Corp. said Wednesday that it is licensing technology from Transport for London to deliver more flexible, tap-to-pay fare collection for passengers via credit cards and smartphones.
Cubic Transportation Systems will pay about $20 million for access to technology in London’s system – which ranks among the world leaders for contactless payments.
Cubic will adapt London’s contactless ticketing system, combined with other...
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