OSI: Fiscal 4Q Earnings Snapshot
Aug. 23, 2018
HAWTHORNE, Calif. (AP) _ OSI Systems Inc. (OSIS) on Thursday reported fiscal fourth-quarter profit of $5.1 million.
The Hawthorne, California-based company said it had net income of 27 cents per share. Earnings, adjusted for one-time gains and costs, came to $1.02 per share.
The results surpassed Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of 94 cents per share.
The airport security and full-body scanner manufacturer posted revenue of $287.3 million in the period, also surpassing Street forecasts. Three analysts surveyed by Zacks expected $274.4 million.
For the year, the company reported a loss of $29.1 million, or $1.57 per share, swinging to a loss in the period. Revenue was reported as $1.09 billion.
OSI expects full-year earnings in the range of $3.80 to $4 per share, with revenue in the range of $1.13 billion to $1.17 billion.
OSI shares have increased 20 percent since the beginning of the year. In the final minutes of trading on Thursday, shares hit $77.16, a decrease of 2 percent in the last 12 months.