Heico Q3 EPS $0.74 Beats $0.72 Estimate, Sales $722.90M Beat $701.71M Estimate
Portfolio Pulse from Benzinga Newsdesk
Heico (NYSE:HEI) reported Q3 earnings of $0.74 per share, beating the analyst consensus estimate of $0.72 by 2.78%. This is a 23.33% increase from the same period last year. The company also reported quarterly sales of $722.90 million, beating the analyst consensus estimate of $701.71 million by 3.02%. This is a 26.93% increase from the same period last year.
August 28, 2023 | 8:16 pm
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POSITIVE IMPACT
Heico's Q3 earnings and sales exceeded analyst estimates, indicating a strong financial performance. This could potentially lead to a positive impact on the company's stock price.
Heico's earnings and sales for Q3 have exceeded analyst estimates, which is typically a positive signal for investors. This could lead to increased investor confidence and a potential rise in the company's stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100