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Earnings News & Notes

By Cal Biesecker

Friday, August 7th, 2015

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American Science & Engineering [ASEI] 1Q16 1Q15Sales $31.4M $35.5MNet Inc. ($515K, 0.07) $1.5M, 0.18AS&E swung to a loss due to a one-time $1.7 million, 15 cents earnings per share, restructuring charge related to a corporate realignment into two focused business units, Detection Products and Detection Services. The realignment, announced in June, which includes workforce reductions and other cost savings, is expected to reduce annual operating expenses by $6 million. Sales fell 12 percent mainly on a $4.5 million decline n…

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