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Earnings Reactions: JOANN Posts Mixed Results, HEICO Beats Estimates

  • August 28th, 2023
  • 401 views

JOANN Inc. (Nasdaq: JOAN), a retail company, announced a second-quarter fiscal 2024 adjusted loss of $(1.44) per share, falling below the consensus estimate loss of $(1.15) per share. The company's quarterly sales reached $453.80 million, slightly surpassing analysts' projected revenue of $437.44 million for the period.

$JOAN was trading at $1.24 in after-hours, reflecting an increase of $0.08 (+6.90%).

In other news, HEICO Corporation (NYSE: HEI)(NYSE: HEI.A), a diversified aerospace and electronics company, reported third-quarter fiscal 2023 earnings of $0.74 per share, beating the consensus EPS estimate of $0.72. The company's quarterly sales amounted to $722.90 million, surpassing analysts' expected revenue of $701.71 million.

In after-hours, $HEI was trading at $158.40, down $9.45 (-5.63%).

 

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