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Cubic: Fiscal 3Q Earnings Snapshot

SAN DIEGO (AP) _ Cubic Corp. (CUB) on Tuesday reported fiscal third-quarter earnings of $23.9 million.

The San Diego-based company said it had profit of 77 cents per share. Earnings, adjusted for one-time gains and costs, came to 66 cents per share.

The results surpassed Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of 65 cents per share.

The electronics company posted revenue of $382.7 million in the period, also exceeding Street forecasts. Three analysts surveyed by Zacks expected $347.3 million.

Cubic expects full-year earnings in the range of $3 to $3.35 per share, with revenue in the range of $1.44 billion to $1.48 billion.

Cubic shares have risen 23% since the beginning of the year. In the final minutes of trading on Tuesday, shares hit $66.33, a fall of slightly more than 1% 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 CUB at https://www.zacks.com/ap/CUB