OSI Systems Jumps After Mixed Q4 Results

Cyber-security company

released its fiscal fourth-quarter earnings results after the closing bell on Tuesday. In the wake of the quarterly report, investors had pushed up the stock a little less than 6 percent in late trading. During regular market hours, OSIS lost almost 3 percent amid a down draft in the wider market, and closed the session at $60.65. In late trade, the last price for shares was $64.00. OSI Systems reported a bottom-line profit of $5.9 million and adjusted earnings per share of $0.55. This came in ahead of analysts' consensus EPS estimates calling for a profit of $0.52. Revenue in the quarter was $221.5 million, which represented nearly a 17 percent decline compared to the $266.6 million the company reported last year. This figure also came up short of Wall Street sales expectations of $232.32 million. For the full-year, the company reported earnings of $26.2 million or $1.30 per share on revenue of $829.7 million. These results were considerably below Wall Street consensus calling for full-year EPS of $2.08 on sale sof $840.47 million. The disappointing annual results, however, were likely baked into the stock as OSIS has lost around 32 percent so far in 2016. The positive after-hours reaction in the shares is likely due to OSI' forward-looking guidance which could propel the stock for the rest of the week. For the upcoming fiscal year, the company sees EPS between $2.60 to $2.90 on revenue of $865 million to $895 million. The EPS range is strongly ahead of current Wall Street consensus estimates of $2.57, while the revenue range is slightly below current consensus of $895.34 million.