OSI Systems Q2 Adj EPS $2.21 Beats $1.74 Estimate, Sales $373.24M Beat $362.55M Estimate
Portfolio Pulse from Benzinga Newsdesk
OSI Systems (NASDAQ:OSIS) reported Q2 adjusted EPS of $2.21, surpassing the consensus estimate of $1.74 by 27.01%, and marking an 85.71% increase from $1.19 per share a year ago. Sales reached $373.24M, exceeding estimates of $362.55M by 2.95% and showing a 26.26% increase from $295.60M in the same quarter last year.
January 25, 2024 | 2:01 pm
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POSITIVE IMPACT
OSI Systems reported a significant earnings and sales beat for Q2, with EPS and sales growth exceeding analyst expectations and showing strong year-over-year improvement.
The substantial earnings and sales beat by OSI Systems is likely to instill investor confidence and could lead to a positive short-term impact on the stock price. Historically, earnings beats are often followed by an increase in stock price as they reflect the company's strong performance and potential for future growth.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100