American Science & Engineering Earnings Surge

After gaining 0.4% in regular trading hours, American Science & Engineering (NASDAQ: ASEI  ) reported fiscal Q1 2014 earnings results that are likely to pressure the company in after-hours trading.

Earnings at the maker of Backscatter X-Ray machines surged 32% year over year, to $0.62 per share on $43.1 million in revenues. The company thus "beat" estimates for earnings, which analysts had expected to come in closer to $0.60, but "missed" on revenues, which were expected to approximate $43.6 million. Q1 revenues represented a 9% decline from fiscal Q1 2013 levels.

New orders taken in during the quarter -- "bookings" -- were only $29.9 million, a 28% decline from business one year-ago, and only 69% of what the company billed in this just-past Q1. Backlog, accordingly, declined 7%. At $173 million, AS&E still has enough work on order to keep it busy for the next 11 months at current revenue rates.


Read/Post Comments (0) | Recommend This Article (1)

Comments from our Foolish Readers

Help us keep this a respectfully Foolish area! This is a place for our readers to discuss, debate, and learn more about the Foolish investing topic you read about above. Help us keep it clean and safe. If you believe a comment is abusive or otherwise violates our Fool's Rules, please report it via the Report this Comment Report this Comment icon found on every comment.

Be the first one to comment on this article.

DocumentId: 2580032, ~/Articles/ArticleHandler.aspx, 7/24/2014 10:07:40 PM

Report This Comment

Use this area to report a comment that you believe is in violation of the community guidelines. Our team will review the entry and take any appropriate action.

Sending report...


Advertisement