Cubic Corp. (NYSE: CUB) reported Q2 EPS of $0.24, $0.42 better than the analyst estimate of ($0.18). Revenue for the quarter came in at $337.3 million versus the consensus estimate of $326.89 million.

• Second quarter sales of $337.3 million, up 21% year-over-year
• Second quarter operating loss of $6.5 million, compared to a loss of $1.7 million in the second quarter of fiscal 2018; impacted by acquisition-related expenses and amortization of purchased intangibles
• Second quarter net loss from continuing operations attributable to Cubic of $8.0 million, or $0.26 per share; second quarter Adjusted EPS of $0.24, up 9% year-over-year
• Second quarter Adjusted EBITDA of $19.4 million, up 23% year-over-year
• Secure Communications contracts expected to create value and position Cubic for new opportunities: Naval Air Systems Command (NAVAIR) award to provide Full Motion Video system for the MH-60S Multi-Mission Helicopter program and a subcontract award to provide wideband SATCOM and Common Data Link for Boeing\'s MQ-25 Unmanned Aircraft System
• Confirmed fiscal 2019 sales and Adjusted EBITDA guidance; introduced new Adjusted EPS guidance

"We are pleased with our second quarter performance and strong growth in the first half of fiscal year 2019, driven by transportation project execution and demand for our mission solutions products that we expect to continue to drive robust growth," said Bradley H. Feldmann, chairman, president and chief executive officer of Cubic Corporation. "In addition, we are thrilled to be working with Apple to bring Apple Pay to U.S. transit systems. Cubic prides itself in developing enhanced technologies, features and applications for our customers to make journeys easier and more efficient."

GUIDANCE:

Cubic Corp. sees FY2019 EPS of $2.85-$3.50, versus the consensus of $1.22. Cubic Corp. sees FY2019 revenue of $1.4-1.475 billion, versus the consensus of $1.44 billion.

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