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Stock Market & Financial Investment News

News Breaks
February 25, 2014
07:13 EDTCUBNYSE changes Cubic ticker symbol due to late filing
Cubic Corporation, as expected and pursuant to prior conversations with the New York Stock Exchange, announced that the company received notice from the staff of the NYSE indicating that Cubic is not in compliance with listing standards due to its failure to file its quarterly report on Form 10-Q for the quarter ended December 31, 2013 on a timely basis. The issuing of such notices is considered routine practice in situations when there are late filings with the SEC. On February 10, 2014, Cubic Corporation announced that the Audit Committee of the Board of Directors of Cubic Corporation, after consultation with Ernst & Young LLP, Cubicís independent registered public accounting firm, determined that Cubicís financial statements for the fiscal years ended September 30, 2013 and 2012 and each of the prior quarters of 2013 and 2012 can no longer be relied upon as being in compliance with generally accepted accounting principles. Accordingly, Cubic will restate such financial statements. Preliminary indications from Cubicís evaluation are that the restatement will result in an increase in revenues and net income cumulatively over the period of the restatement and an increase in retained earnings as of September 30, 2013. Cubic is continuing to evaluate the total amount of the adjustments and the specific impact on each period covered by the restatement, which may result in an increase or decrease in previously reported amounts for individual periods. Until Cubic has completed such evaluation, it will not be in a position to file its quarterly report on Form 10-Q for the quarter ended December 31, 2013.
News For CUB From The Last 14 Days
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December 19, 2014
17:14 EDTCUBBooz Allen, Cubic awarded $240M government contract
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December 16, 2014
16:07 EDTCUBCubic acquires DTECH LABS for up to $114.5M
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