Tuesday, November 8, 2011, 11:31 AM
CPI Aerostructures (CVU +16.2%) jumps after its Q3 beats estimates across the board. Revenues increased 28% Y/Y, primarily due to contract work done for Boeing (BA -0.5%) on the A-10 attack jet and on the E-2D surveillance airplane for Northrop Grumman (NOC -1%). The company raises its FY12 revenue guidance, now expecting revenues of $95M to $98M, above the Street estimate of $95M.
Comment![On the Move]