American Science and Engineering (ASEI) Misses Q2 EPS by 2c

American Science and Engineering (NASDAQ: ASEI) reported Q2 EPS of $0.06, $0.02 worse than the analyst estimate of $0.08. Revenue for the quarter came in at $25.1 million versus the consensus estimate of $33.7 million.

“The quarter’s results reflect the benefit of our cost reduction efforts from Q1 as well as our continued emphasis on working capital improvements,” said Chuck Dougherty, AS&E’s President and CEO. “The announcement of the multi-view, multi-technology Z Portal® next generation vehicle inspection system and the CBP IDIQ award for a new medium energy mobile scanner are the continuing results of our aggressive, organic product development program. By leveraging AS&E’s innovation leadership to support our portfolio expansion strategy, we continue to differentiate ourselves from the competition by introducing new, advanced technologies and products that extend the application reach of our detection technology for new and existing customers.”

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

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