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HEICO Reports Earnings of 51 Cents per Share

10 days ago   |   By Crossing Wall Street

After the bell, HEICO reported fiscal Q1 earnings of 51 cents per share. Wall Street had been expecting 48 cents per share. For Q1 of last year, HEICO made 89 cents per share.
HEICO's operating margin was 19.2% which is good but is down from 21.9% from last year.
Laurans A. Mendelson, HEICO's Chairman and CEO, commented on the Company's first quarter results stating, “The COVID-19 global pandemic continues to impact our operating results. Most notably, demand for our commercial aerospace products and services were negatively impacted in the first quarter of fiscal 2021 mainly due to the...
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