HAWTHORNE, Calif. (AP) — HAWTHORNE, Calif. (AP) — OSI Systems Inc. (OSIS) on Thursday reported fiscal fourth-quarter profit of $44.7 million.
The Hawthorne, California-based company said it had net income of $2.55 per share. Earnings, adjusted for one-time gains and costs, came to $2.84 per share.
The results topped Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of $2.79 per share.
The airport security and full-body scanner manufacturer posted revenue of $480.9 million in the period, also beating Street forecasts. Three analysts surveyed by Zacks expected $466.5 million.
For the year, the company reported profit of $128.2 million, or $7.38 per share. Revenue was reported as $1.54 billion.
OSI expects full-year earnings in the range of $8.80 to $9.15 per share, with revenue in the range of $1.62 billion to $1.65 billion.
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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
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