OSI Systems hits all-time high after annual forecasts raised

OSI Systems

23/01/2025 18:12

** Shares of electronic equipment maker OSI Systems  OSIS.O 
rise as much as 17% to hit record high of $197.70
    ** Co raises annual sales and profit forecasts after upbeat
Q2 results on robust demand for its services in security,
optoelectronics and manufacturing segments
    ** Sees revenues for fiscal 2025 between $1.69 bln and $1.71
bln, compared with previous expectations of $1.67 bln to $1.7
bln
    ** Expects adjusted EPS in range of $9.10 to $9.40 vs prior
view of $9 to $9.30
    ** Co reports Q2 revenue of $419.8 mln vs estimates of $406
mln - data compiled by LSEG
    ** Posts adjusted EPS of $2.42, above estimates of $2.33
    ** OSIS shares rose ~30% in 2024

 (Reporting by Neil J Kanatt in Bengaluru)
 ((mailto:Neil.JKanatt@thomsonreuters.com;))