In early Tuesday trading, shares of avionics equipment holding company Heico (HEI) surged 8.1% following the release of its third-quarter financial results. The company reported GAAP earnings per share of $1.26, beating expectations by $0.12, while revenue reached $1.15 billion, exceeding forecasts by $30 million.

The company's EBITDA (earnings before interest, taxes, depreciation and amortization) increased by 21%, reflecting strong operational performance and cash flow generation capabilities.