OSI Systems Inc. Profit Falls 59% In Q2

(RTTNews) - OSI Systems Inc. (OSIS) announced earnings for second quarter that fell from last year.

The company said its bottom line dropped to $8.15 million, or $0.40 per share. This was down from $19.74 million, or $0.96 per share, in last year's second quarter.

Analysts had expected the company to earn $0.81 per share, according figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company said revenue for the quarter fell 23.5% to $197.34 million. This was down from $257.83 million last year.

OSI Systems Inc. earnings at a glance:

-Earnings (Q2): $8.15 Mln. vs. $19.74 Mln. last year. -Earnings Decline (Y-o-Y): -58.7% -EPS (Q2): $0.40 vs. $0.96 last year. -EPS Decline (Y-o-Y): -58.3% -Analysts Estimate: $0.81 -Revenue (Q2): $197.34 Mln vs. $257.83 Mln last year. -Revenue Change (Y-o-Y): -23.5%

-Guidance: Full year EPS guidance: $2.95 - $3.20 Full year revenue guidance: $900 - $945 Mln