OSI Systems Q3 Results Miss Estimates; Reiterates FY23 Outlook
(RTTNews) - OSI Systems, Inc. (OSIS) reported on Thursday that net income for the third quarter doubled to $42.74 million or $2.41 per share from $21.81 million or $1.27 per share in the prior-year quarter. Excluding items, adjusted earnings were $1.43 per share, compared to $1.49 per share in the year-ago quarter.
On average, five analysts polled by Thomson Reuters expected the company to report earnings of $1.46 per share for the quarter. Analysts' estimates typically exclude special items.
Total net revenues for the quarter declined to $290.48 million from $302.89 million in the same quarter last year. Analysts expected revenues of $302.92 million for the quarter.
Looking ahead to fiscal 2023, the company continues to project adjusted earnings in a range of $6.02 to $6.25 per share on revenues between $1.24 billion and $1.265 billion.
The Street is looking for earnings of $6.07 per share on sales of $1.25 billion for the year.
For the fourth quarter, the company expects adjusted earnings per share growth of 26 to 38 percent on revenue growth of 11 to 18 percent. Analysts expect earnings of $2.54 per share on revenue growth of 13.6 percent to $382.55 million for the quarter.
For more earnings news, earnings calendar, and earnings for stocks, visit rttnews.com
OSI Systems Granted $10 Mln Order For RTT 110 Hold Baggage Screening Systems Latin American Airport
OSI Systems Secures $42 Mln Airport Security Systems Contract From An International Airport
OSI Systems Q3 Results Top Estimates; Boosts FY24 Adj. EPS Growth Outlook
OSI Systems Q1 Adj. EPS Tops Estimates, But Revenues Miss; Boosts FY23 Adj. EPS Growth Outlook
OSI Systems Guides FY24 Revenues Well Above Estimates - Update
OSI Systems Reiterates FY23 Outlook - Update
Australian Market Extends Early Strong Gains In Mid-market
