HEICO up 5.5% on Strong Full Year Guidance

HEICO Corporation HEI is trading higher on the session following its Q2 earnings announcement. The company reported an EPS of $0.36 vs $0.37 estimates and revenues of $216.3 million vs $219.81 million estimates. HEICO also guides FY net income up 12-14% vs the prior estimates of 10-12%. Laurans A. Mendelson, HEICO's Chairman and CEO stated "We are very pleased to report record quarterly highs in consolidated net sales for our second quarter of fiscal 2012 on the strength of record all-time net sales within our Electronic Technologies Group and continued strong net sales within our Flight Support Group. Additionally, our second quarter results mark the ninth consecutive quarter of sequential net sales growth." HEICO is currently trading at $40.57, a gain of $2.12 or 5.51%.