OSI Systems (OSIS) shares jumped 7.7% in recent Thursday trading after the company reported fiscal Q3 earnings and revenue that topped estimates by analysts.
Non-GAAP net income in the three months ended March 31 climbed to $2.44 per diluted share from $2.16 a year earlier, the company said Thursday.
Analysts polled by FactSet expected $2.40.
Revenue rose to $444.4 million from $405.4 million a year earlier.
Analysts surveyed by FactSet expected $436.5 million.
The company raised fiscal year non-GAAP earnings guidance to a range of $9.15 to $9.45 per diluted share on revenue of $1.69 billion to $1.715 billion. The previous forecasts were EPS of $9.10 to $9.40 and revenue of $1.685 billion to $1.71 billion.
Analysts surveyed by FactSet expect EPS of $9.27 on revenue of $1.698 billion.
Price: 220.52, Change: +15.78, Percent Change: +7.71
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