correction: recasts the entire story to say profit increased and revenues declined.
OSI Systems, Inc. (OSIS) reported first-quarter net income of $2.51 million or $0.14 per share, compared with $132 thousand or $0.01 per share last year.
On average, 4 analysts polled by Thomson Reuters expected the company to report earnings of $0.07 per share. Analysts' estimates typically exclude special items.
Revenues fell to $133.76 million from $148.16 million in the prior year quarter. Three analysts estimated revenues of $138.84 million.
The Company announced that it anticipates fiscal 2010 sales to be between $620 million and $640 million, representing a 5% to 8% increase over fiscal 2009 and 10% to 15% year-over-year growth for the nine-months ending June 30, 2010.
In addition, the Company raised its earnings guidance and expects earnings per share to increase at a rate of 25%-35% to $1.14 - $1.23, excluding the impact of restructuring and other non-recurring charges incurred in fiscal 2009. Earlier, the company anticipated a 15% - 30% growth in earnings to $1.05 - $1.18 per share, excluding the impact of impairment, restructuring and other non-recurring charges.
Analysts expect the company to earn $1.11 per share, on revenues of $610.08 million.
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.