Cubic Corp. (CUB) Tops Q3 EPS by 12c, Revenues Beat

Cubic Corp. (NYSE: CUB) reported Q3 EPS of $0.23, $0.12 better than the analyst estimate of $0.11. Revenue for the quarter came in at $296.2 million versus the consensus estimate of $280.34 million.

"We are pleased that Cubic is continuing to deliver solid financial performance in fiscal 2018 as we make excellent progress on our strategic initiatives and accelerating our growth," said Bradley H. Feldmann, chairman, president and chief executive officer. "Cubic reported strong growth in both sales and Adjusted EBITDA in the third quarter, while the Brisbane win further expanded our highest-ever backlog. We remain intensely focused on meeting our commitments to customers, shareholders and our talented employees."

GUIDANCE:

Cubic Corp. sees FY2018 revenue of $1.135-1.185 billion, versus the consensus of $1.17 billion.

For earnings history and earnings-related data on Cubic Corp. (CUB) click here.

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