
Cubic Corp. [CUB] on Thursday reported a net loss in its opening quarter and a slight drop in sales and the company this week also closed the acquisition of a satellite communications company.Net income swung to a loss of $5.4 million, 20 cents earnings per share (EPS), versus net income of $5.2 million (19 cents EPS) a year ago. The company attributed the loss in part to higher spending on an ongoing business management software implementation and on closed and…