Cubic Corp Beats Estimates (CUB)

Cubic Corporation (NYSE: CUB) on Thursday morning released financial results that beat Wall Street expectations.

Cubic Corporation reported that its quarterly net income rose to $16.9 million, or 63 cents per share, up from $12.4 million, or 46 cents per share, a year earlier.

Cubic Corporation (CUB) reported revenue of $347.71 million, up from $280.75 million a year earlier.

A poll of analysts conducted by Thomson Reuters showed an average Wall Street estimate of expected earnings of 62 cents per share, on revenue of $295.08 million.

Cubic Corporation ended the previous trading session at $47.76 per share. Analysts covering the company's stock have a consensus price target of $45.67 per share.

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