Heico reported third-quarter adjusted earnings per share of $1.67, exceeding the $1.51 consensus estimate by $0.16, the company said after markets closed on Tuesday.
Revenue for the quarter totaled $1.41 billion, ahead of the $1.35 billion estimate, reflecting continued demand in its aerospace components segment. Shares of Heico were down 0.82% at $257.10 in regular trading, though the stock edged 0.15% higher in after-hours trade.
Over the past three months, Heico’s shares have declined 1.04%, while the 12-month gain stands at 3.53%. Analysts have revised Heico’s earnings outlook with a mix of upward and downward adjustments over the last 90 days, according to market data. The company’s financial health was rated as "great performance" by InvestingPro.
