Form 8-K CUBIC CORP /DE/ For: May 18

Go back to Form 8-K CUBIC CORP /DE/ For: May 18

Cubic Corp. (CUB) Posts Q1 Loss of 22c/Share

May 18, 2015 4:12 PM EDT

Cubic Corp. (NYSE: CUB) reported Q1 EPS of ($0.22), which may not compare with the analyst estimate of $0.43. Revenue for the quarter came in at $338.8 million versus the consensus estimate of $321.51 million.

Audit Committee Investigation

The audit committee of the board of directors has conducted an investigation with the assistance of Latham & Watkins LLP and Deloitte FAS LLP to review the companys controls and procedures in connection with programs that are accounted for under the percentage of completion method. Through the application of the companys internal... More