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 $28.9 million or $0.54 per share, compared to $23.1 million or $0.43 per share in the comparable quarter last year.

Net sales for the latest third quarter rose 18% to $267.13 million from $225.97 million a year ago.

On average, eleven analysts polled by Thomson Reuters estimated earnings of $0.47 per share on revenues of $252.99 million for the quarter. Analysts' estimates typically exclude special items.

Looking forward to fiscal 2013, Heico lifted its outlook and now expects net income to increase 15 to 16 percent on sales growth of 10 to 11 percent. Previously, Heico expected net income to grow 11 to 13 percent and sales growth of 8 to 10 percent.