American Science & Engineering Beats Estimates
Billerica, Mass.-based American Science & Engineering trounced expectations for quarterly earnings in an early Tuesday report.
As the company revealed, fiscal Q2 2014 earnings of $0.60 per share exceeded analysts' expected $0.49 profit by 22%. Revenues of $43.8 million were down 5% year over year, yet still beat Wall Street's anticipated revenue of $41.7 million handily.
Prospects look bright for AS&E to continue reporting good news as the fiscal year progresses. Management noted that new orders taken in in the quarter were $45.8 million, more than enough to replace revenues collected in the quarter, and enough to raise backlog to $175 million.
Commenting on the results, AS&E CEO Chuck Dougherty in the company press release pronounced himself "encouraged" by the company's "strong operating income margin, free cash flow, and healthy EPS." By this time last year, AS&E had generated $13.3 million in free cash flow from its business. So far this year, the tally is more than twice as high -- $27.4 million.
The article American Science & Engineering Beats Estimates originally appeared on Fool.com.
Fool contributor Rich Smith has no position in any stocks mentioned. The Motley Fool has no position in any of the stocks mentioned. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.
Copyright © 1995 - 2013 The Motley Fool, LLC. All rights reserved. The Motley Fool has a disclosure policy.
