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OSI: Fiscal 2Q Earnings Snapshot

HAWTHORNE, Calif. (AP) _ OSI Systems Inc. (OSIS) on Tuesday reported fiscal second-quarter profit of $21 million.

The Hawthorne, California-based company said it had net income of $1.12 per share. Earnings, adjusted for one-time gains and costs, were $1.27 per share.

The results exceeded Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of $1.23 per share.

The airport security and full-body scanner manufacturer posted revenue of $305.3 million in the period, which fell short of Street forecasts. Three analysts surveyed by Zacks expected $316.8 million.

OSI expects full-year earnings in the range of $4.63 to $4.85 per share, with revenue in the range of $1.21 billion to $1.24 billion.

OSI shares have decreased slightly more than 4% since the beginning of the year. In the final minutes of trading on Tuesday, shares hit $96.30, a climb of 12% 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