OSI Systems Inc. (OSIS) has announced a notable increase in its fourth-quarter profit, surpassing both previous year figures and Wall Street forecasts.
The company reported earnings of $44.68 million, or $2.55 per share, compared to $42.38 million, or $2.46 per share, in the same quarter last year.
Excluding special items, adjusted earnings for OSI Systems Inc. were $49.68 million, or $2.84 per share.
Analysts, based on data from Thomson Reuters, had predicted an average earnings per share of $2.79, typically not accounting for special items.
Revenue for the quarter saw a significant rise of 16.8%, reaching $480.907 million from $411.870 million the previous year.
Key financial highlights for OSI Systems Inc. (GAAP) in Q4 are as follows:
- Earnings: $44.68 million vs. $42.38 million last year.
- Earnings per Share (EPS): $2.55 vs. $2.46 last year.
- Revenue: $480.907 million vs. $411.870 million last year.
