HAWTHORNE, Calif. (AP) — HAWTHORNE, Calif. (AP) — OSI Systems Inc. (OSIS) on Thursday reported fiscal first-quarter earnings of $17.9 million.
The Hawthorne, California-based company said it had profit of $1.05 per share. Earnings, adjusted for one-time gains and costs, came to $1.25 per share.
The results surpassed Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of $1.06 per share.
The airport security and full-body scanner manufacturer posted revenue of $344 million in the period, also beating Street forecasts. Three analysts surveyed by Zacks expected $326.7 million.
OSI expects full-year earnings in the range of $9 to $9.30 per share, with revenue in the range of $1.67 billion to $1.7 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