HEICO Q3 Profit Tops View - Quick Facts

(RTTNews) - HEICO Corp. (HEI), a maker of aerospace and defense-related products, Tuesday reported third-quarter net income attributable to the company of $33.4 million or $0.49 per share, compared to $28.9 million or $0.43 per share in the comparable quarter last year.

On average, thirteen analysts polled by Thomson Reuters estimated earnings of $0.44 per share for the quarter. Analysts' estimates typically exclude special items.

Net sales for the latest third quarter rose 9% to $291.03 million from $267.13 million a year ago, while twelve analysts had consensus revenue estimate of $296.26 million.

Heico said based on its current economic visibility, it is increasing its estimate of fiscal 2014 year-over-year growth in net income to 14% - 16%, up from its prior growth estimate of 12% - 14%. The company continues to estimate fiscal 2014 year-over-year growth in net sales of 12% - 14%.