HEICO Q2 Profit Tops View - Quick Facts

(RTTNews) - HEICO Corp. (HEI), a maker of aerospace and defense-related products, Tuesday reported second-quarter net income attributable to the company of $28.4 million or $0.42 per share, compared to $23.7 million or $0.35 per share in the comparable quarter last year.

On average, thirteen analysts polled by Thomson Reuters estimated earnings of $0.40 per share for the quarter. Analysts' estimates typically exclude special items.

Net sales for the latest second quarter rose 19% to $282.23 million from $237.71 million a year ago, while twelve analysts had consensus revenue estimate of $275.41 million.

Heico said based on its current economic visibility, it is increasing its estimate of fiscal 2014 year-over-year growth in net income to 12% - 14%, up from our prior growth estimate of 10% - 12%. The company continues to estimate fiscal 2014 year-over-year growth in net sales of 12% - 14%.