OSI Systems (OSIS) Tops Q3 EPS by 2c, Beats on Reveues; Boosts FY18 EPS/Revenue Guidance

OSI Systems (NASDAQ: OSIS) reported Q3 EPS of $0.86, $0.02 better than the analyst estimate of $0.84. Revenue for the quarter came in at $267 million versus the consensus estimate of $263.18 million.

• Record Fiscal Q3 Revenue of $267 Million (9% increase over prior year)
• Q3 Earnings Per Diluted Share
• GAAP EPS of $0.13
• Non-GAAP EPS of $0.86
• Backlog up 27% from June 30, 2017
• Company Raises Fiscal Year 2018 Guidance

Fiscal Year 2018 Outlook

The Company is raising its fiscal 2018 sales guidance to $1,065 million – $1,095 million, which would represent growth of 11% – 14% compared to the prior fiscal year. The Company is also increasing its non-GAAP earnings guidance to $3.50 – $3.69 per diluted share for fiscal 2018. Actual sales and non-GAAP diluted earnings per share could vary from this guidance.

GUIDANCE:

OSI Systems sees FY2018 EPS of $3.50-$3.69, versus the consensus of $3.54. OSI Systems sees FY2018 revenue of $1.065-1.095 billion, versus the consensus of $1.06 billion.

For earnings history and earnings-related data on OSI Systems (OSIS) click here.

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