Tech Industry

OSI Systems posts modest profit in 4Q

OSI Systems posted a fourth-quarter profit of $1 million, or 11 cents a share, on sales of $27.7 million.

Ahead of the earnings report, OSI Systems (Nasdaq: OSIS) shares inched up 3/16 to 9 3/8.

There was no First Call Corp. consensus estimate for OSI Systems this quarter.

In the year-ago quarter, it lost $696,000, or 7 cents a share, on sales of $30.9 million.

"This past year, we have introduced new products in the fiber optic field, strengthened the marketing and distribution of our branded product lines, and continued the integration of our operations," said CEO Deepak Chopra in a prepared release.

Its shares moved up to a 52-week high of 28 7/16 in March after falling to a low of 2 15/16 in October.

The lone analyst tracking the stock rates it a "hold."