American Science & Engineering Earnings: Everything You Must Know Now
American Science & Engineering Inc. (NASDAQ:ASEI) delivered a profit and missed Wall Street’s expectations, AND came up short on beating the revenue expectation. The revenue miss is a negative sign to shareholders seeking high growth out of the company.
American Science & Engineering Inc. Earnings Cheat Sheet
Results: Adjusted Earnings Per Share increased 10.64% to $0.52 in the quarter versus EPS of $0.47 in the year-earlier quarter.
Revenue: Decreased 8.96% to $43.1 million from the year-earlier quarter.
Actual vs. Wall St. Expectations: American Science & Engineering Inc. reported adjusted EPS income of $0.52 per share. By that measure, the company missed the mean analyst estimate of $0.60. It missed the average revenue estimate of $43.65 million.
Quoting Management: “I am pleased with the operational performance of the business reflected in the year-over-year improvement in EPS and operating income on reduced revenues,” said Chuck Dougherty, AS&E’s President and Chief Executive Officer. “While we continue to see some short-term order volatility, we are encouraged by the positive trends we see in the current activity levels of our core markets. The results of the Company’s restructuring and cost-containment efforts are clearly indicated in our operating results.”
Key Stats (on next page)…