HAWTHORNE, Calif. (AP) — HAWTHORNE, Calif. (AP) — OSI Systems Inc. (OSIS) on Thursday reported fiscal fourth-quarter net income of $52.7 million.
The Hawthorne, California-based company said it had profit of $3.03 per share. Earnings, adjusted for one-time gains and costs, came to $3.24 per share.
The results beat Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of $3.19 per share.
The airport security and full-body scanner manufacturer posted revenue of $505 million in the period, which also topped Street forecasts. Four analysts surveyed by Zacks expected $493.4 million.
For the year, the company reported profit of $149.6 million, or $8.71 per share. Revenue was reported as $1.71 billion.
OSI expects full-year earnings in the range of $10.11 to $10.39 per share, with revenue in the range of $1.81 billion to $1.85 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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