Cubic Corp. Reports 49% Decline In Q3 Earnings

(RTTNews) - Cubic Corp. (CUB) reported earnings for third quarter that dropped from last year.

The company said its earnings dropped to $4.50 million, or $0.17 per share. This was lower than $8.78 million, or $0.33 per share, in last year's third quarter.

Analysts had expected the company to earn $0.29 per share, according figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company said revenue for the quarter rose 7.9% to $375.24 million. This was up from $347.81 million last year.

Cubic Corp. earnings at a glance:

-Earnings (Q3): $4.50 Mln. vs. $8.78 Mln. last year. -Earnings Decline (Y-o-Y): -48.7% -EPS (Q3): $0.17 vs. $0.33 last year. -EPS Decline (Y-o-Y): -48.5% -Analysts Estimate: $0.29 -Revenue (Q3): $375.24 Mln vs. $347.81 Mln last year. -Revenue Change (Y-o-Y): 7.9%

-Guidance: Full year EPS guidance: $0.85 - $1.05 Full year revenue guidance: $1.51 - $1.56 Bln