Inside Long Island Business
Get the latest news and trends on Long Island companies and the people behind them.
CPI Aerostructures revises quarterly sales estimates
Photo credit: Jeremy Bales, 2012
Shares of CPI Aerostructures Inc., the Edgewood-based aircraft parts maker, fell sharply Wednesday after the company said fourth quarter sales were unexpectedly low due to fears of sharp cuts to government military spending.
The company, whose stock was down 13 percent, to $10 a share, does not plan to release its fourth-quarter sales figures until March. But CPI officials said revenue sagged...
