OSI Systems Guides FY24 Revenues Well Above Estimates - Update
(RTTNews) - While reporting financial results for the fourth quarter on Thursday, OSI Systems, Inc. (OSIS) initiated its adjusted earnings and revenue growth guidance for the full-year 2024.
For fiscal 2024, the company now projects adjusted earnings per share to grow more than 25 percent on revenue growth of more than 18 percent.
On average, four analysts polled by Thomson Reuters expect the company to report earnings of $7.13 per share on revenue growth of 10.2 percent to $1.38 billion for the year. Analysts' estimates typically exclude special items.
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OSI Systems Secures $42 Mln Airport Security Systems Contract From An International Airport
OSI Systems, Inc. (OSIS) announced Thursday that its Security division was awarded a contract from an international airport for approximately $42 million to provide a range of checkpoint and hold baggage screening solutions.
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OSI Systems Q3 Results Top Estimates; Boosts FY24 Adj. EPS Growth Outlook
OSI Systems, Inc. (OSIS) reported on Thursday that net income for the third quarter grew to $34.04 million or $1.95 per share from $21.81 million or $1.27 per share in the prior-year quarter.
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OSI Systems Q1 Adj. EPS Tops Estimates, But Revenues Miss; Boosts FY23 Adj. EPS Growth Outlook
OSI Systems, Inc. (OSIS) reported on Thursday that net income for the first quarter grew to $12.88 million or $0.75 per share from $11.24 million or $0.65 per share in the prior-year quarter.
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OSI Systems Q3 Results Miss Estimates; Reiterates FY23 Outlook
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.
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OSI Systems Reiterates FY23 Outlook - Update
While reporting financial results for the first quarter on Thursday, OSI Systems, Inc. (OSIS) reiterated its adjusted earnings and revenue guidance for the full-year 2023.
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TSX Ends On Strong Note
The Canadian market ended on a strong note on Friday thanks to some brisk buying at several counters in late afternoon trades. Optimism about interest rate cuts by the Bank of Canada and the Federal Reserve helped underpin sentiment.
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Dollar Sheds Ground Against Major Counterparts
The U.S. dollar turned in a weak performance against its major rivals on Friday on bets the Federal Reserve will likely cut interest rate in September after a reading of the nation's consumer price inflation came in line with estimates.
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Swiss Market Ends On Buoyant Note
The Switzerland market ended on a strong note on Friday as stocks kept moving higher and higher during the day's session thanks to sustained buying support amid bets several central banks will start cutting interest rates soon.
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