Outlook Roundup: OSI Systems, Magellan

Among the earnings projection stories for Tuesday, Feb. 5, from AP Financial News:

HAWTHORNE, Calif. (AP) _ OSI Systems Inc., which provides electronics to the security and health care industries, on Tuesday boosted its fiscal 2008 guidance.

TULSA, Okla. (AP) _ Magellan Midstream Partners LP, which transports and stores ammonia and petroleum products, predicted Tuesday its 2008 profit will top Wall Street's expectations as it moves ahead with expansion projects.

HOUSTON (AP) _ Flotek Industries Inc. forecast sharply higher earnings in 2008 on Tuesday, taking into consideration its planned acquisition of Teledrift Inc.

NORTHBROOK, Ill. (AP) _ Idex Corp., which makes fluid and metering products, Tuesday issued first-quarter and full-year profit guidance below Wall Street estimates, citing the ongoing effects of two contracts with original equipment manufacturers.

MALVERN, Pa. (AP) _ Electronics component maker Vishay Intertechnology Inc. on Tuesday forecast first-quarter revenue within range of Wall Street estimates.

PHOENIX (AP) _ Satellite and broadcast network equipment maker Radyne Corp. said Tuesday it hired Needham & Co. to help explore strategic options, including a possible sale.

BIRMINGHAM, Ala. (AP) _ Colonial Properties Trust maintained its 2008 funds from operations outlook Tuesday but raised its full-year earnings forecast on lower development spending, reduced costs and more multifamily sales.

LOS ANGELES (AP) _ Shares of Health Net Inc. fell to a new annual low Tuesday after the managed health care coverage provider lowered the top end of its fiscal 2008 estimated profit range.

RALEIGH, N.C. (AP) _ Martin Marietta Materials Inc., which makes and markets aggregates for the construction industry, on Tuesday issued a 2008 earnings prediction under Wall Street's expectations.