OSI Systems Inc. Q3 Income Retreats 20%

(RTTNews) - OSI Systems Inc. (OSIS) announced a profit for third quarter that fell compared to the same period last year.

The company said its earnings declined to $12.69 million, or $0.64 per share. This was down from $15.94 million, or $0.78 per share, in last year's third quarter.

Analysts had expected the company to earn $0.64 per share, according figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company said revenue for the quarter fell 2.1% to $210.80 million. This was down from $215.38 million last year.

OSI Systems Inc. earnings at a glance:

-Earnings (Q3): $12.69 Mln. vs. $15.94 Mln. last year. -Earnings Decline (Y-o-Y): -20.4% -EPS (Q3): $0.64 vs. $0.78 last year. -EPS Decline (Y-o-Y): -17.9% -Analysts Estimate: $0.64 -Revenue (Q3): $210.80 Mln vs. $215.38 Mln last year. -Revenue Change (Y-o-Y): -2.1%

-Guidance: Next quarter EPS guidance: $0.45 - $0.70 Next quarter revenue guidance: $230 - $255 Mln