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 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.