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Cubic Lowers 2016 Guidance, Says Order Delays To Impact Results

By Cal Biesecker

Thursday, October 13th, 2016

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Cubic Lowers 2016 Guidance, Says Order Delays To Impact Results

Cubic President and CEO Bradley Feldmann. Photo: Cubic Corp.

Cubic Corp. [CUB] on Thursday released preliminary financial results, lowering its earnings and sales expectations for its 2016 fiscal year that ended in September due to order delays from the Pentagon, but the defense and transportation company expects these orders to flow in the new fiscal year.Cubic said adjusted earnings before interest, taxes, depreciation and amortization are expected to be between $112 million and $120 million in FY ’16, down from the previous guidance of between $130 million to $145…

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