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OSI: Fiscal 1Q Earnings Snapshot

HAWTHORNE, Calif. (AP) _ OSI Systems Inc. (OSIS) on Thursday reported fiscal first-quarter profit of $20.7 million.

On a per-share basis, the Hawthorne, California-based company said it had net income of $1.10. Earnings, adjusted for one-time gains and costs, were 91 cents per share.

The results topped Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of 85 cents per share.

The airport security and full-body scanner manufacturer posted revenue of $290.9 million in the period, also beating Street forecasts. Three analysts surveyed by Zacks expected $282 million.

OSI expects full-year earnings in the range of $4.61 to $4.83 per share, with revenue in the range of $1.24 billion to $1.27 billion.

OSI shares have risen 30% since the beginning of the year. In the final minutes of trading on Thursday, shares hit $95.06, a climb of 41% in the last 12 months.


This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on OSIS at https://www.zacks.com/ap/OSIS