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.
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