Heico Q2 Earnings, Sales Rise -- Shares Up After Hours

MT Newswires Live05-29

Heico (HEI) Tuesday night reported fiscal Q2 net income of $0.88 per diluted share, up from $0.76 a year earlier.

Analysts polled by Capital IQ expected $0.82.

Net sales for the quarter ended April 30 was $955.4 million, up from 687.8 million a year earlier.

Analysts expected $951.9 million.

Shares of the aerospace and defense contractor were nearly 3% higher in after-hours trading.

Price: 218.00, Change: +5.95, Percent Change: +2.81

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