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American Science & Engineering [ASEI]   3Q08 3Q07 Sales $42.6M $47.8M Net Inc. $4M, $0.43 $8.1M, $0.86 Results were lower than analysts expected with revenues falling 11% due to a 50% decline in sales of Z Backscatter Vans (ZBV), which was partially offset by increases in all other product and service areas. Profits fell 51% on the lower sales, a shift toward lower margin products, a substantial increase in R&D spending, "unusually high" materials costs in the service area, and…

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