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CPI: 1Q Earnings Snapshot

EDGEWOOD, N.Y. (AP) _ CPI Aerostructures Inc. (CVU) on Friday reported first-quarter profit of $1.7 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 $25.6 million in the period.

CPI expects full-year revenue in the range of $98 million to $102 million.

CPI shares have climbed slightly more than 1% since the beginning of the year. The stock has declined 37% in the last 12 months.


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