Heico Corporation fiscal Q3 results top estimates as flight support unit shines

Published 2 months ago Positive
Heico Corporation fiscal Q3 results top estimates as flight support unit shines
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Investing.com-- 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.

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