Boosted by a legal settlement, OSI Systems Inc. reported a nearly three-fold jump in third quarter profit.

OSI reported third quarter net income of $3.6 million (21 cents per share), a 260 percent increase from $1 million (6 cents) for the same period a year earlier, beating analysts’ expectations of a 3 cent loss.

The company said it received a $15 million legal settlement from a General Electric Co. subsidiary over a disputed acquisition. The company recorded a loss of $6 million from continuing operations.

Revenues for the Hawthorne-based security and health care equipment manufacturer were up 17 percent to $127 million, off from Wall Street’s predictions of $133 million.

Shares in OSI added 29 cents to $26.67 in afternoon trading Monday on the Nasdaq.