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.