Heico Corporation (NYSE:HEI) reported Monday fiscal third-quarter results that topped Wall Street estimates, driven by growth in its flight support unit as well as a boost from recent acquisitions.
Heico Corporation (NYSE:HEI) was slightly higher in recent afterhours trading following the results.
The aerospace and electronics company reported Q3 earnings per share of $1.26 on revenue of $1.15B, compared with estimates for $1.12 and $1.11B, respectively.
The Flight Support group’s saw sales jump 18% to a record $802.7M in Q3, amid "continued growth and momentum in our aerospace aftermarket business," the company said.
Source :
https://www.investing.com/news/earnings/heico-corporation-fiscal-q3-results-top-estimates-as-flight-support-unit-shines-4209829
