Cubic earnings go higher, backlog increases to $2.1b.

Cubic Corp. reported net earnings for its third quarter of $14.9 million, up 76 percent from net earnings of the same quarter last year.

Sales at the San Diego-based provider of defense training systems and mass transit fare systems also increased to $248.2 million, compared to $232.9 million for the like quarter of 2008.

The corporation reported its financial results Aug. 5.

Earnings on a per share basis for Cubic's nine months ended June 30 were $1.62, a record exceeding the company's record high earnings of $1.56 per share for a full fiscal year in 2007, the company reported.

Cubic said its backlog of orders increased to $2.1 billion as of June 30, compared to June 30, 2008 when its backlog was $1.7 billion.

Cubic shares trade on the New York Stock Exchange under the symbol CUB. Their price has ranged from $17.03 to $42.24 over the past 52 weeks.

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