Heico Falls After Missing Third: quarter revenue estimates

Heico

26/08/2024 22:07

** Aircraft equipment manufacturer HEICO Corp's shares
 HEI.N  fall 2% to $241.00 in aftermarket trade
    ** Q3 sales of $992.2 mln misses analysts' estimate of
$994.8 mln - LSEG data
    ** Company's electronic technologies group segment posts
lower Q3 net sales of $322.1 mln compared with $325.9 mln a year
ago
    ** HEI's larger segment - flight support group - sees 68%
year-on-year rise in net sales
    ** Q3 profit rises to 97 cents/shr from 74 cents/shr, a year
ago
    ** Up to Monday's close, stock was up 37.5% YTD

 (Reporting by Aatreyee Dasgupta)
 ((Aatreyee.Dasgupta@thomsonreuters.com))