Shares of Heico (NYSE:HEI) rose 6% in after-market trading after the company reported Q2 results.Quarterly Results Earnings per share fell 8.33% year over year to $0.55, which beat the estimate of $0.44.Revenue of $468,146,000 decreased by 9.21% from the same period last year, which beat the estimate of $462,860,000.Guidance Earnings guidance hasn't been issued by the company for now.Price Action 52-week high was at $147.93View more earnings on HEI52-week low: $52.01Price action over last quarter: Up 2.58%Company Profile Heico Corp manufactures jet engines and aircraft components. It also supplies electronic equipment for agencies and contractors. Its Flight Support segment uses proprietary technology to design engines and parts for commercial and military aircrafts. The company provides maintenance and repairs globally and can provide services on engines and parts supplied by another company. Its Electronic Technologies segment provides defense and communication equipment to United States and other military agencies. It designs and implements mission-critical subcomponents to perform tests, targeting, and other functions. Each segment independently conducts marketing efforts through in-house personnel and independent manufacturers' representatives.See more from Benzinga * Novavax: Price Over Earnings Overview * P/E Ratio Insights for Cellectar Biosciences * Stocks That Hit 52-Week Lows On Tuesday(C) 2020 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.

Let's talk about the popular HEICO Corporation (NYSE:HEI). The company's shares received a lot of attention from a...

HEICO CORPORATION (NYSE: HEI.A) (NYSE: HEI) today reported that net income increased 22% to a record $197.3 million, or $1.44 per diluted share, in the first six months of fiscal 2020, up from $161.1 million, or $1.18 per diluted share, in the first six months of fiscal 2019. In the second quarter of fiscal 2020, net income decreased 8% to $75.5 million, or 55 cents per diluted share, as compared to $81.8 million, or 60 cents per diluted share, in the second quarter of fiscal 2019.

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The collapse of air travel has dragged down the commercial aerospace industry, but some companies in the sector are better positioned ahead of its eventual recovery.

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HEICO Corp.'s (HEI) fiscal second-quarter earnings decline 8.3% on a year-over-year basis due to lower quarterly sales as well as operating income.

HEI earnings call for the period ending April 30, 2020.

On May 26, 2020, after the NYSE closing, HEICO Corporation (NYSE: HEI.A) (NYSE: HEI) will release its financial results for the second quarter ended April 30, 2020. The earnings release will be available through the Internet on the Company’s website at www.heico.com.

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. Investors went into earnings season bracing for the worst from commercial aerospace, with the COVID-19 pandemic causing airlines to retrench by grounding planes and postponing expansion plans.

NEW YORK, NY / ACCESSWIRE / May 27, 2020 / HEICO Corp. (NYSE:HEI) will be discussing their earnings results in their 2020 Second Quarter Earnings call to be held on May 27, 2020 at 9:00 AM Eastern Time. ...

Q2 2020 HEICO Corp Earnings Call

HEICO Corporation (NYSE: HEI.A) (NYSE: HEI) today provided an update on its views of the COVID-19 crisis (the "Crisis"), actions the Company is taking to address the Crisis and its thoughts on the Company’s outlook consistent with a request issued by the Securities and Exchange Commission’s Chairman and the Director of its Division of Corporate Finance to all listed companies last week. Laurans A. Mendelson, HEICO’s Chairman & Chief Executive Officer, along with Company Co-Presidents, Eric A. Mendelson and Victor H. Mendelson, made the following comments:

It has been a difficult start of the year for commercial aerospace, as the COVID-19 pandemic has sunk global travel demand and sent airlines scrambling to cut costs and avoid liquidity issues. Airlines are grounding jets and canceling expansion plans, putting the companies that build planes and supply spare parts under pressure as well. Aerospace shares have underperformed the broader market and seem likely to remain under pressure well after the pandemic is contained and the broader markets have a chance to stabilize.

The company's revenue mix is allowing it to hold up better than many of its commercial aerospace peers.

A vaccine trial has the airlines surging, and companies supplying them are going along for the ride.

Unfortunately for some shareholders, the HEICO (NYSE:HEI) share price has dived 49% in the last thirty days. The...

Coronavirus is probably the 1 concern in investors' minds right now. It should be. On February 27th we published an article with the title Recession is Imminent: We Need A Travel Ban NOW. We predicted that a US recession is imminent and US stocks will go down by at least 20% in the next 3-6 […]

The sudden downturn of the commercial airline industry is impacting the Hollywood-based aerospace and electronics company.

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