Heico Corp. (HEI) Tops Q2 EPS by 2c

Heico Corp. (NYSE: HEI) reported Q2 EPS of $0.55, $0.02 better than the analyst estimate of $0.53. Revenue for the quarter came in at $430.6 million versus the consensus estimate of $424.96 million.

• "With respect to the remainder of fiscal 2018, we continue to estimate full year net sales growth of approximately 10% over the prior year and we now estimate the full year Flight Support Group operating margin to approximate 18.5% - 19.0%, up from the prior estimate of 18.0% - 18.5%. Further, we estimate the Flight Support Group's full year organic net sales growth rate to be in the mid-single digits. These estimates exclude additional acquired businesses, if any.”

For earnings history and earnings-related data on Heico Corp. (HEI) click here.

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