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Cubic Corp. (CUB) Dropped Sharply After Q1 Miss

Cubic Corp. (CUB) reported first quarter net income of $0.47 per share after the bell Monday, down from $0.77 per share a year ago. The consensus estimate was for EPS of $0.70.

Cubic gapped open lower Tuesday and fell sharply during the first half hour of trade, before settling into a range. The stock finished down by 3.40 at $45.00 on the highest volume of the year. Cubic closed testing the lower end of nearly a 2-month range.

by RTT Staff Writer

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