Hawthorne security systems maker OSI Systems Inc. reported strong earnings Thursday, beating Wall Street expectations and topping last year’s third quarter.

The company reported net income of $11.2 million (55 cents a share) for the quarter ending September 30. That’s a 75 percent increase over the same quarter last year. Analysts had expected earnings of 50 cents a share.

OSI has three divisions making security scanning equipment, medical diagnostic devices and light-sensing technology. The company partially credited its improved sales to its contract with the Defense Department.

OSI shares rose 5 percent on Thursday, closing at $67.64.

Malibu toy maker Jakks Pacific Inc. on Thursday reported earnings that beat Wall Street expectations, posting a big gain in net income for the third quarter.

The company reported net income of $44.1 million ($1.03 a share), a 16 percent increase over the same period a year ago. Analysts had expected earnings for the quarter of about 99 cents a share.

The company’s sales increased 12 percent to $349 million for the quarter. Jakks Pacific attributed improved sales in part to the company finding new distribution channels in such stores as Kohl’s, GameStop and clothing retailer Justice, as well as the cable television shopping channel QVC.

Despite improved earnings, shares of Jakks Pacific were down 13 percent, closing Thursday at $6.95.

City National Corp., parent of downtown L.A. lender City National Bank, reported strong earnings that beat analysts’ expectations, as well as a record in total assets.

The company reported net income of $68.7 million ($1.15 a share), an 8 percent increase over the same quarter last year. Analysts had expected earnings for the quarter of $1.07 a share.

City National reported that its total assets as of Sept. 30 grew to a record $32 billion, up 10 percent from the same quarter last year. The company said the increase reflects higher loan balances.

Shares of City National rose 1 percent on Thursday, closing at $73.67.