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Why Heico Stock Is Up Today

TheMotleyFool

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Aerospace parts manufacturer Heico (NYSE: HEI) delivered better-than-expected quarterly results and forecast broad-based growth up ahead. Investors are pleased, sending shares of Heico up 7% as of 11:30 a.m. ET.

Image source: Getty Images.

Heico is a manufacturer of components for a range of industrial applications, with a heavy emphasis on aerospace. The company earned $1.26 per share in its fiscal third quarter ending July 31 on revenue of $1.15 billion, topping Wall Street's $1.14 per share on $1.12 billion consensus estimate.

Source Fool.com

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