Update: Heico Shares Fall After Fiscal Q4 Results-February 2024-www.financetom.com

Update: Heico Shares Fall After Fiscal Q4 Results

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Update: Heico Shares Fall After Fiscal Q4 Results

Dec 18, 2024 9:03 AM

11:44 AM EST, 12/18/2024 (MT Newswires) -- (Updates with stock move in the headline and first paragraph.)

Heico ( HEI ) shares fell more than 9% in recent trading Wednesday after the company's fiscal Q4 net sales missed market expectations.

The electronics firm reported the reported earnings for the quarter late Tuesday of $0.99 per diluted share, up from $0.74 a year earlier. Analysts polled by FactSet expected $0.98.

Net sales for the quarter ended Oct. 31 was $1.01 billion, up from $936.4 million a year earlier. Analysts surveyed by FactSet expected $1.03 billion.

Price: 235.58, Change: -24.22, Percent Change: -9.32

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