OSI Systems jump after upbeat 2025 earnings forecast

OSI Systems

22/08/2024 15:03

** Shares of electronic equipment maker OSI Systems  OSIS.O 
hit record high, last up 5.6% to $152.56 
    ** OSIS set for best day in nearly a year if gains hold
    ** Company sees 2025 EPS between $8.80 to $9.15, above
analysts' estimates of $8.69 - LSEG data 
    ** Co also expects 2025 revenue between $1.62 bln and $1.65
bln, ahead of analysts' expectations of $1.6 bln
    ** However, OSIS's Q4 profit misses forecasts, although 
revenue beats estimates 
    ** Co's division of security generated the most revenue in
Q4 
    ** OSIS was up 12% YTD

 (Reporting by Pranav Kashyap in Bengaluru)
 ((Pranav.Kashyap@thomsonreuters.com; +919886482111;))