Cubic Reports Mixed Q4

Cubic Corp. shares were down more than 5% Monday morning after the company reported a Q4 net loss of $0.29 per share, missing expectations for a profit of $0.23 per share as compiled by Capital IQ.

For Q4 ended Sept. 30, the San Diego-based electronics company said revenues fell to $406.6 million from $425.9 million, which still beat expectations for $390.3 million.

For FY17, Cubic expects EPS of $0.40 to $0.80 per share, well below the $1.81 per share consensus, on revenues of $1.51 billion to $1.56 billion, straddling the $1.54 billion average estimate.

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