BUZZ-OSI Systems hits all-time high after annual forecasts raised

Reuters
24 Jan
BUZZ-<a href="https://laohu8.com/S/OSIS">OSI Systems</a> hits all-time high after annual forecasts raised

** Shares of electronic equipment maker OSI Systems OSIS.O rise as much as 17% to hit record high of $197.70

** Co raises annual sales and profit forecasts after upbeat Q2 results on robust demand for its services in security, optoelectronics and manufacturing segments

** Sees revenues for fiscal 2025 between $1.69 bln and $1.71 bln, compared with previous expectations of $1.67 bln to $1.7 bln

** Expects adjusted EPS in range of $9.10 to $9.40 vs prior view of $9 to $9.30

** Co reports Q2 revenue of $419.8 mln vs estimates of $406 mln - data compiled by LSEG

** Posts adjusted EPS of $2.42, above estimates of $2.33

** OSIS shares rose ~30% in 2024

(Reporting by Neil J Kanatt in Bengaluru)

((Neil.JKanatt@thomsonreuters.com;))

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