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CPI: 4Q Earnings Snapshot

EDGEWOOD, N.Y. (AP) _ CPI Aerostructures Inc. (CVU) on Wednesday reported a fourth-quarter loss of $800,000, after reporting a profit in the same period a year earlier.

On a per-share basis, the Edgewood, New York-based company said it had a loss of 7 cents. Earnings, adjusted for non-recurring costs, came to 21 cents per share.

The maker of aircraft parts for the armed forces and defense contractors posted revenue of $26.5 million in the period.

For the year, the company reported profit of $2.3 million, or 24 cents per share. Revenue was reported as $83.9 million.

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

CPI shares have climbed 7.5 percent since the beginning of the year. The stock has decreased 16 percent 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