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Earnings News and Notes

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American Science and Engineering [ASEI] 3Q10 3Q09 Sales $54.9M $65.3M Net Inc. $5.8M, 0.64 $10.1M, 1.13 Earnings tumbled 43%, well below consensus estimates, on a 16% decline in sales, which the company attributes to the typical lumpiness in the security business and delays in contracts due to competitor protests. The 2009 fiscal third quarter was AS&E's best ever for sales. Earnings also declined on a drop in gross margins stemming from a sales mix that favored lower margin products, and…

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