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Why Heico Shares Are Falling Today

TheMotleyFool

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Why Heico Shares Are Falling TodayPhoto, wide shot, wide-angle lens, Construction equipment, Blue hour, twilight, cool, ISO1200, slow shutter speed, photo by Edward Burtynsky: https://img.midjourneyapi.xyz/temp/96af5505-e3c8-4496-bbb7-e4a5eba91e77.png

Aerospace component manufacturer Heico (NYSE: HEI) (NYSE: HEI.A) reported a mixed quarter, beating on earnings but falling a little flat on revenue. On a day where markets are under pressure and geopolitical concerns could crimp commercial aviation, the results were enough to cause the shares to fall as much as 5%.

Heico is a holding company for a number of businesses that make components for aerospace, industrial, and medical products. On Wednesday night, the company reported that fiscal first-quarter net income rose 23% year over year to $86.9 million, or $0.63 per share, on revenue of $490.34 million.

Image source: Getty Images.

Source Fool.com

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