Newz(OSIS) on Thursday reported fiscal fourth-quarter net income of $55.2 million. The Hawthorne, California-based company said it had profit of $3.27 per share. Earnings, adjusted for one-time gains and costs, came to $3.78 per share.
The results exceeded Wall Street expectations. The average estimate of six analysts surveyed by Zacks Investment Research was for earnings of $3.76 per share. The airport security and full-body scanner manufacturer posted revenue of $484.1 million in the period, falling short of Street forecasts.
Five analysts surveyed by Zacks expected $528.3 million. For the year, the company reported profit of $154.7 million, or $8.95 per share. Revenue was reported as $1.79 billion.
OSI expects full-year earnings in the range of $11.13 to $11.49 per share, with revenue in the range of $1.88 billion to $1.93 billion. _____ This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on OSIS at https://www.zacks.com/ap/OSIS Source
(ROST) on Thursday reported fiscal second-quarter net income of $851.3 million. The Dublin, California-based company said it had profit of $2.66 per share. Earnings, adjusted for non-recurring gains, came to $2.06 per share.
The results topped Wall Street expectations. The average estimate of seven analysts surveyed by Zacks Investment Research was for earnings of $1.93 per share. The discount retailer posted revenue of $6.26 billion in the period, also topping Street forecasts.
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