On May 28, HEICO rose 5.94% in after-hours trading, trading at $319.0/share, with trading volume of $2.9792 million.
On the news front, the company reported second-quarter results that substantially exceeded Wall Street expectations, serving as the direct catalyst for the after-hours jump. HEICO posted Q2 EPS of $1.66, beating the consensus estimate of $1.33 by approximately 25%. Revenue came in at $1.376 billion, surpassing the expected $1.252 billion by roughly 10%. Both top-line and bottom-line figures delivered significant upside surprises.
HEICO is one of the world's largest FAA-certified manufacturers of jet engine and aircraft replacement parts outside of OEMs, operating through its Flight Support Group and Electronic Technologies Group segments. The company serves the aerospace, defense, space, medical, and telecommunications industries, designing, manufacturing, and selling aerospace, defense, and electronic-related products and services.
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