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OSI: Fiscal 3Q Earnings Snapshot

HAWTHORNE, Calif. (AP) _ OSI Systems Inc. (OSIS) on Thursday reported fiscal third-quarter net income of $19.6 million.

On a per-share basis, the Hawthorne, California-based company said it had net income of $1.06. Earnings, adjusted for one-time gains and costs, came to $1.20 per share.

The results missed Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of $1.21 per share.

The airport security and full-body scanner manufacturer posted revenue of $292.9 million in the period, also falling short of Street forecasts. Three analysts surveyed by Zacks expected $303.5 million.

OSI expects full-year earnings in the range of $4.45 to $4.65 per share, with revenue in the range of $1.17 billion to $1.19 billion.

OSI shares have fallen 28% since the beginning of the year. In the final minutes of trading on Thursday, shares hit $72.30, a drop of 19% 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