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Stock Market & Financial Investment News

News Breaks
November 15, 2012
10:39 EDTOSISOSI Systems plunges after congressman accuses unit of fraud
OSI Systems (OSIS) is tumbling after a key congressman said the company may have committed fraud by "knowingly manipulating" the results of an operational test, Bloomberg reported last night. In a November 13 letter to Transportation Security Administration head John Pistol, Republican Congressman Mike Rogers, the chairman of the House Transportation Security Subcommittee, wrote that his panel had received a tip indicating that OSI had faked a test, the news service explained. OSI's Rapsican unit could be hit with fines, prison terms and a ban on receiving government contracts in the future if the allegation is proven, Bloomberg quoted Dan Gordon, a former head of federal procurement as saying. In mid-morning trading, OSI Systems plummeted $15.47, or 20.27%, to $60.82.
News For OSIS From The Last 14 Days
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October 23, 2014
08:35 EDTOSISOSI Systems raises FY15 EPS view to $3.53-$3.76, consensus $3.56
Raises FY15 revenue view to $970M-$995M, consensus $966.51M. Previous EPS view was $3.50-$3.75, previous revenue view was $960M-$985M.
08:34 EDTOSISOSI Systems reports Q1 adjusted EPS 57c, consensus 56c
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October 22, 2014
08:30 EDTOSISOSI Systems, DHS enter into addendum to administrative agreement
OSI Systems announced that its Security division, Rapiscan Systems, and the Department of Homeland Security have entered into an Addendum to the Administrative Agreement signed in June 2013. Among other compliance measures, the Addendum extends the duration of the Administrative Agreement. OSI Systems CEO, Deepak Chopra, commented, “We are pleased to have reached this agreement with DHS. U.S. federal government agencies are counted among our closest and longest standing customer relationships and we look forward to continuing to provide these customers with state of the art technologies and services in years to come.”

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