CPI Aerostructures shares rise 1.08% after-hours following Q2 earnings report.

Cpi Aerostructures, Inc. rose 1.08% in after-hours trading, following the release of its second-quarter earnings report. The company reported a net loss of USD 1.32 million, compared to a net income of USD 1.41 million a year ago, and revenue slid to USD 15.18 million from USD 20.81 million a year ago. Despite the loss, the stock price increased, possibly due to investor expectations or other market factors not fully captured in the news events provided.