2.31%C 7.40 5.37%QQQQ 27.81 2.83%
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HOLLYWOOD, Fla. - Aerospace and defense company Heico Corp. on Wednesday reaffirmed its forecast of a profit of $1.75 to $1.78 per share for its fiscal year.
| HEI | 29.8 |  -0.16 |
Analysts surveyed by Thomson Reuters are expecting profit of $1.77 per share on revenue of $581 million for the year, on average.
Heico's outlook came as it posted an 18 percent increase in third-quarter profit on strong sales its flight support and electronic technologies businesses.
The company said it made $12.8 million, or 47 cents per share, for the quarter ended July 31, compared with profit of $10.9 million, or 40 cents a share, in the year-ago quarter. Sales increased 11 percent to $147.3 million from $133.2 million a year ago.
Heico shares fell 42 cents to $34.56 in trading Wednesday. The shares have traded between $30.16 and $56.92 over the past year.
U.S. stocks were mixed on Thursday after retailers reported mostly disappointing sales while other big-name companies announced layoffs and Europ...
China markets opened lower on Tuesday morning as the investors' confidence hit by the signals that global recession are deepening.
The markets have spoken: risk aversion is still the name of the game and that was obvious since the beginning of the week.
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