Cubic Corp 74 Cent EPS Beats Estimates (CUB)

San Diego, California-based Cubic Corporation

on Thursday morning released financial results that easily beat Wall Street expectations. Cubic Corporation reported that its 1st quarter net income climbed 45% to $19.9 million, or 74 cents per share, up from $13.7 million, or 51 cents per share, a year earlier. Cubic Corporation reported revenue of $284.42 million, up from $250.68 million a year earlier. A poll of analysts conducted by Thomson Reuters showed an average Wall Street estimate of expected earnings of 57 cents per share, on revenue of $273 million. Cubic Corporation (

) ended the previous trading session at $51.02 per share. Analysts covering the company's stock have a consensus price target of $49.17 per share. Cubic Corporation is the parent company of three major business segments: defense systems, mission support services and transportation systems. Read more