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

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OSI Systems Reports Second Quarter Fiscal 2016 Financial Results

January 27, 2016 4:05 PM EST

HAWTHORNE, Calif.--(BUSINESS WIRE)-- OSI Systems, Inc. (NASDAQ: OSIS) today announced financial results for the fiscal quarter ended December 31, 2015.

We entered fiscal 2016 with expectations of a challenging first half followed by a stronger second half. Though this is turning out to be true, the challenges associated with the global economy proved to be greater than anticipated leading to disappointing first half financial results. Despite this, we are encouraged by our strong first half bookings, which we believe positions us to rebound nicely in the second half of fiscal 2016, said Deepak Chopra, OSI Systems... More