OSI Systems, Inc. (NASDAQ:OSIS) delivered a profit and met Wall Street’s expectations, AND beat the revenue expectation. The revenue beat is a positive sign to shareholders seeking high growth out of the company.
OSI Systems, Inc. Earnings Cheat Sheet
Results: Adjusted Earnings Per Share increased 7.37% to $1.02 in the quarter versus EPS of $0.95 in the year-earlier quarter.
Revenue: Decreased 3.08% to $228 million from the year-earlier quarter.
Actual vs. Wall St. Expectations: OSI Systems, Inc. reported adjusted EPS income of $1.02 per share. By that measure, the company missed the mean analyst estimate of $1.02. It beat the average revenue estimate of $220.79 million.
Quoting Management: Deepak Chopra, OSI Systems President and CEO, stated, “We are pleased to announce the results of our fourth quarter, as we finished the year strong, positioning us well for future growth. We achieved record non-GAAP earnings for the 16th consecutive quarter as a result of significant operating margin expansion. As expected, sales decreased 3% as our fourth quarter sales from the prior year were unusually high due to a large U.S. Army program that was substantially completed during that quarter, making our prior fourth quarter results a difficult point of comparison. Excluding the impact of this program, sales increased by 20%.”
Key Stats (on next page)…