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Earnings News and Notes

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American Science & Engineering [ASEI] 1Q09 1Q08 Sales $39.4M $44.5M Net Inc. $2.7M, 0.30 $6.2M, 0.66 Net income fell by more than half on the 11% decline in sales, a shift toward lower margin product mix, higher selling, general and administrative (SG&A) expenses and higher internal spending on research and development. Sales fell due to a delay in a pending order for 22 Z Backscatter Vans from the Army, which AS&E officials says is stalled because of a computer glitch…

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