OSI Systems Inc. (OSIS) reported an increase in its second-quarter profit compared to the same period the previous year, surpassing Wall Street's expectations.
The company announced a net profit of $37.82 million, equating to $2.22 per share, up from $36.55 million, or $2.11 per share, for the same quarter last year.
After excluding certain items, OSI Systems Inc. achieved an adjusted profit of $41.23 million or $2.42 per share during this period.
Market analysts had predicted earnings of $2.33 per share, typically excluding special items from their forecasts.
The company saw its revenue rise by 12.5% to $419.82 million, compared to $373.234 million in the previous year.
Financial Highlights (GAAP):
- Earnings: $37.82 million versus $36.55 million last year.
- Earnings per Share (EPS): $2.22 compared to $2.11 last year.
- Revenue: $419.82 million, an increase from $373.234 million last year.
**Guidance:**
- Projected full-year EPS: $9.10 - $9.40
- Anticipated full-year revenue: $1.685 - $1.710 billion
