Buffett Favorite Heico Stock Sinks as Electronic Technologies Sales Slip

Key TakeawaysHeico set records for revenue, net income, and operating income in the fourth quarter, but overall sales missed estimates, sending shares lower.The results were hurt by falling sales at the company's Electronic Technologies Group.Warren Buffett's Berkshire Hathaway purchased more than a million shares of Heico in the second quarter. Shares of Heico (HEI) tumbled Wednesday, a day after the aircraft parts and electronic equipment provider backed by billionaire investor Warren Buffett reported wea ...