Heico (HEI +10%) gains despite posting a mixed FQ3, beating on a per share basis but coming up...

|By:, SA News Editor

Heico (HEI +10%) gains despite posting a mixed FQ3, beating on a per share basis but coming up short on revenue. Net profit rose 13% Y/Y however, as the aircraft parts and repair company recorded stronger sales from its electronic-technologies business, marking its tenth consecutive quarter of sales growth. Gross margins also widened to 37.3% from 35.4%.