BUZZ-OSI Systems 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