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.
The electronics company posted revenue of $379.7 million in the period, surpassing Street forecasts. Three analysts surveyed by Zacks expected $360.3 million.
For the year, the company reported net income of $12.3 million, or 45 cents per share, swinging to a profit in the period. Revenue was reported as $1.2 billion.
Cubic shares have risen slightly more than 8 percent since the beginning of the year. The stock has increased 21 percent in the last 12 months.