News Formal

Heico Stock Falls After the Aerospace Supplier’s Earnings Beat Estimates. Here’s Why.

  • 📰 MarketWatch
  • ⏱ Reading Time:
  • 21 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 12%
  • Publisher: 97%

مصر أخبار أخبار

مصر أحدث الأخبار,مصر عناوين

The company reports fiscal third-quarter sales of about $723 million. Wall Street was looking for about $702 million.

Monday evening, aerospace aftermarket parts leader HEICO reported better-than-expected fiscal third-quarter sales and earnings. Shares are down anyway because investors wanted more.

HEICO stock is down about 5.3% in premarket trading at $159, while S&P 500 and Dow Jones Industrial Average futures are both up about 0.1%. HEICO is also a high-expectations growth stock. Shares trade for about 46 times estimated 2024 earnings. What’s more, HEICO has beaten Wall Street’s bottom-line earnings in eight of the past 10 quarters. Shares dropped the day following three of the quarterly beats.

لقد قمنا بتلخيص هذا الخبر حتى تتمكن من قراءته بسرعة. إذا كنت مهتمًا بالأخبار، يمكنك قراءة النص الكامل هنا. اقرأ أكثر:

 /  🏆 3. in EG
 

شكرًا لك على تعليقك. سيتم نشر تعليقك بعد مراجعته.

مصر أحدث الأخبار, مصر عناوين

Similar News:يمكنك أيضًا قراءة قصص إخبارية مشابهة لهذه التي قمنا بجمعها من مصادر إخبارية أخرى.

These Stocks Are Moving the Most Today: NIO, AT&T, Heico, 3M, Oracle, Best Buy, and MoreNIO's results miss estimates, AT&T and Verizon stocks are upgraded, Heico falls after its earnings report, and 3M's board has approved a $6 billion earplugs...
مصدر: MarketWatch - 🏆 3. / 97 اقرأ أكثر »

CrowdStrike Stock Falls on Downgrade Ahead of EarningsMorgan Stanley analyst Hamza Fodderwala downgrades the shares to Equal Weight from Overweight, citing a difficult demand environment.
مصدر: MarketWatch - 🏆 3. / 97 اقرأ أكثر »