OSI Systems Inc. Q2 Profit Decreases, but beats estimates

OSI Systems Inc. (OSIS) released earnings for second quarter that decreased from the same period last year but beat the Street estimates.

The company's bottom line came in at $19.80 million, or $1.09 per share. This compares with $20.04 million, or $1.10 per share, in last year's second quarter.

Excluding items, OSI Systems Inc. reported adjusted earnings of $23.19 million or $1.28 per share for the period.

Analysts on average had expected the company to earn $1.17 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter rose 0.2% to $276.68 million from $276.01 million last year.

OSI Systems Inc. earnings at a glance (GAAP) :

-Earnings (Q2): $19.80 Mln. vs. $20.04 Mln. last year.
-EPS (Q2): $1.09 vs. $1.10 last year.
-Analyst Estimates: $1.17
-Revenue (Q2): $276.68 Mln vs. $276.01 Mln last year.

Full year EPS guidance: $5.75 - $6.02
Full year revenue guidance: $1.160 - $1.195 Bln

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