Cubic Corp. (CUB) reported fourth quarter EPS of $0.49 after the close Monday, compared to the loss of $0.29 last year. Analysts expected EPS of $0.26.
Cubic gapped up and spiked higher in early trade Tuesday, before settling into a range. The stock ended the day with a gain of 7.25 at $60.75 on the highest volume of the year. Cubic broke out of a 1-month trading range and set a new high for the year.
by RTT Staff Writer
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