American Science and Engineering (ASEI) Misses Q1 EPS by 4c

American Science and Engineering (NASDAQ: ASEI) reported Q1 EPS of $0.08, ex-items, $0.04 worse than the analyst estimate of $0.12. Revenue for the quarter came in at $31.4 million versus the consensus estimate of $34.27 million.

“We are pleased that bookings rebounded to their highest level in the last five quarters, supported by orders for our top-selling ZBV® mobile inspection system from the U.S. government and Asia Pacific region and continued strong bookings for our Detection Services division,” said Chuck Dougherty, AS&E’s President and Chief Executive Officer. “We are seeing positive results from our expanded product portfolio, with first-time orders for the MINI Z® portable screening system from four U.S. government agencies as well as public safety and security customers in the European Union, Middle East, and Asia Pacific regions. In similar fashion, we expect that the introduction of the Tx-View™ for ZBV option — which complements our proven Z Backscatter® imaging with enhanced detection of weapons and metallic components of vehicle-borne improvised explosive devices (VBIEDs) — will expand our served market for the ZBV system.”

For earnings history and earnings-related data on American Science and Engineering (ASEI) click here.

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