OSI Systems Inc. Reports 23% Fall In Q1 Earnings

(RTTNews) - OSI Systems Inc. (OSIS) reported earnings for first quarter that decreased from last year.

The company said its earnings totaled $8.65 million, or $0.44 per share. This was lower than $11.22 million, or $0.55 per share, in last year's first quarter.

The company said revenue for the quarter rose 10.4% to $220.86 million. This was up from $200.05 million last year.

OSI Systems Inc. earnings at a glance:

-Earnings (Q1): $8.65 Mln. vs. $11.22 Mln. last year. -Earnings Decline (Y-o-Y): -22.9% -EPS (Q1): $0.44 vs. $0.55 last year. -EPS Decline (Y-o-Y): -20.0% -Revenue (Q1): $220.86 Mln vs. $200.05 Mln last year. -Revenue Change (Y-o-Y): 10.4%

-Guidance: Full year EPS guidance: $2.80 - $3.20 Full year revenue guidance: $955 - $990 Mln