Heico: Q1 Earnings Insights
Portfolio Pulse from Benzinga Insights
Heico (NYSE:HEI) reported Q1 earnings with an EPS of $0.82, beating estimates by 11.0% against an expected $0.74. Revenue increased by $275.45 million from the same period last year. The company has a history of surpassing EPS estimates, as seen in previous quarters.
February 26, 2024 | 9:40 pm
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Heico reported a strong Q1 with an EPS of $0.82, surpassing the estimated $0.74, and a significant year-over-year revenue increase.
Heico's Q1 earnings beat and revenue increase are likely to positively impact its stock price in the short term. Historical data shows that past earnings beats have led to positive stock price movements, suggesting a similar outcome may follow this announcement.
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