Cubic Corp. Q2 Profit Retreats 95%

(RTTNews) - Cubic Corp. (CUB) released earnings for second quarter that fell compared to the same period last year.

The company said its bottom line totaled $0.5 million, or $0.02 per share. This was lower than $10.1 million, or $0.38 per share, in last year's second quarter.

Analysts had expected the company to earn $0.04 per share, according figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company said revenue for the quarter fell 6.1% to $343.7 million. This was down from $366.0 million last year.

Cubic Corp. earnings at a glance:

-Earnings (Q2): $0.5 Mln. vs. $10.1 Mln. last year. -Earnings Decline (Y-o-Y): -95.0% -EPS (Q2): $0.02 vs. $0.38 last year. -EPS Decline (Y-o-Y): -94.7% -Analysts Estimate: $0.04 -Revenue (Q2): $343.7 Mln vs. $366.0 Mln last year. -Revenue Change (Y-o-Y): -6.1%

-Guidance: Full year revenue guidance: $1.50 - $1.54 bln