OSI Systems Reports Second Quarter Fiscal 2016 Financial Results

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BB&T Capital Downgrades OSI Systems (OSIS) to Hold

January 28, 2016 7:48 AM EST

BB&T Capital downgraded OSI Systems (NASDAQ: OSIS) from Buy to Hold.

For an analyst ratings summary and ratings history on OSI Systems click here. For more ratings news on OSI Systems click here.

Shares of OSI Systems closed at $76.25 yesterday.

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OSI Systems (OSIS) Misses Q2 EPS by 41c; Guides Well Below the Street

January 27, 2016 4:32 PM EST

OSI Systems (NASDAQ: OSIS) reported Q2 EPS of $0.40, $0.41 worse than the analyst estimate of $0.81. Revenue for the quarter came in at $197 million versus the consensus estimate of $223.8 million.

GUIDANCE:

OSI Systems sees FY2016 EPS of $2.95-$3.02, versus the consensus of $3.78. OSI Systems sees FY2016 revenue of $900-945 million, versus the consensus of $988.55 million.

Mr. Chopra stated, As expected, our Optoelectronics and Manufacturing division sales decreased year over year. However, operational improvements, together with a more favorable... More