Cubic Corp 74 Cent EPS Beats Estimates (CUB)
February 03, 2011 7:59 AM
San Diego, California-based Cubic Corporation (NYSE: CUB) 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 (CUB) 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.
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