Why Shares of Heico Are Up Today

Shares of Heico (NYSE: HEI) traded up more than 5% on Wednesday afternoon, and soared as high as up 10% earlier in the day, after the aerospace component manufacturer reported fiscal second-quarter results that came in ahead of expectations.

After markets closed Tuesday, Heico reported second-quarter earnings of $0.55 per share on revenue of $468.1 million, beating Wall Street expectations for $0.44 per share in earnings on $462.86 million in revenue.

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Source Fool.com