One Systems Inc: Jumps on upbeat first quarter

One Stop Systems

14/05/2021 18:55

** Computer hardware maker's shares  OSS.O  jump 27% at
$5.58 in afternoon trading
    ** Set for best day in more than two months
    ** Co's Q1 revenue of $13.3 mln beats estimates, driven by a
rebound in customers  urn:newsml:reuters.com:*:nGNX7kjVX
    ** Posts surprise profit of 3 cents a share vs Refinitiv
estimates of a 1 cent loss
    ** Expects $14.4 mln in Q2 revenue
    ** Stock up 29.3% YTD

 (Reporting by Eva Mathews in Bengaluru)
 ((eva.mathews@thomsonreuters.com))