OSI: Fiscal Q4 Earnings Snapshot

HAWTHORNE, Calif. (AP) — HAWTHORNE, Calif. (AP) — OSI Systems Inc. (OSIS) on Thursday reported fiscal fourth-quarter profit of $42.4 million.

On a per-share basis, the Hawthorne, California-based company said it had net income of $2.46. Earnings, adjusted for one-time gains and costs, were $2.66 per share.

The results exceeded Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of $2.54 per share.

The airport security and full-body scanner manufacturer posted revenue of $411.9 million in the period, also exceeding Street forecasts. Three analysts surveyed by Zacks expected $384.5 million.

For the year, the company reported profit of $91.8 million, or $5.34 per share. Revenue was reported as $1.28 billion.


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

Copyright © 2023 The Associated Press. All rights reserved. This material may not be published, broadcast, written or redistributed.

Federal News Network Logo

More from WTOP

Log in to your WTOP account for notifications and alerts customized for you.

Sign up