OSI Systems Reports Q2 Earnings Beat, Raises Guidance
HAWTHORNE, Calif. (AP) - OSI Systems Inc. (OSIS) reported fiscal second-quarter net income of $37.8 million on Thursday, beating Wall Street expectations.
On a per-share basis, the Hawthorne, California-based company reported earnings of $2.22. Adjusted for one-time items, earnings were $2.42 per share, topping analysts' estimate of $2.35.
Revenue for the quarter was $419.8 million, also exceeding consensus forecasts of $405.2 million.
The airport security and full-body scanner manufacturer raised its full-year earnings guidance to a range of $9.10 to $9.40 per share. Revenue is now expected to be between $1.69 billion and $1.71 billion.