Cubic Q2 Profit Declines - Quick Facts

(RTTNews) - Cubic Corp. (CUB) reported that its second-quarter net income attributable to shareholders decreased to $16.1 million, or $0.60 per share, from $29.7 million, or $1.11 per share, as restated, in the second quarter of 2013. Non-GAAP adjusted EBITDA was $30.0 million compared to $44.3 million in the second quarter of 2013.

On average, five analysts polled by Thomson Reuters expected the company to report profit per share of $0.40 for the quarter. Analysts' estimates typically exclude special items.

Sales were $354.5 million compared to $368.6 million in 2013, as restated, a decrease of 4 percent. Analysts expected revenue of $316.08 million for the quarter.