Breaking News
FONT-SIZE Plus   Neg
Share SHARE
mail  E-MAIL

Hurco Q3 Profit Down On Higher Expenses

RELATED NEWS
Trade HURC now with 
9/7/2012 9:14 AM ET

Hurco Companies, Inc. (HURC: Quote), a computerized machine tools manufacturer, Friday reported a decline in profit for the third quarter, weighed down by higher expenses.

For the third quarter, the Indiana-based company's net profit decreased to $3.95 million or 61 cents per share from $4.57 million or 70 cents per share in the same year-ago quarter. Selling, general and administrative expenses in the quarter rose to $10.27 million from $9.31 million prior year.

For the quarter, sales and service fees declined slightly to $49.95 million from $50.57 million in the comparable period last year, reflecting a weaker Euro and depressed demand in both Europe and Asia, said Hurco.

Thursday, Hurco closed at $21.80 on the Nasdaq.

Click here to receive FREE breaking news email alerts for Hurco Cos Inc. and others in your portfolio

by RTT Staff Writer

For comments and feedback: editorial@rttnews.com

Business News

Editors Pick
Justin Moore has been named Humanitarian of the Year by by the Armed Forces Foundation. Moore received the award alongside Big Machine Label Group President/CEO Scott Borchetta for their service and commitment to the morale and welfare of military families through the Crown Royal "Your Hero's Name Here" contest. International Business Machines Corp. said Wednesday after the markets closed that its first quarter profit fell 21% from last year, hurt by lower revenue as well as a hefty workforce rebalancing charge. The company's quarterly earnings per share, excluding items, came in line with analysts' expectations, but its quarterly revenue fell short of analysts' forecast. Stocks moved sharply higher over the course of the trading day on Wednesday, further offsetting the steep losses posted late last week. The markets benefited from a positive reaction to the latest earnings news as well as remarks by Federal Reserve Chairman Janet Yellen. The major averages saw further upside going into the close, ending the session at their best levels of the day.
comments powered by Disqus
FREE Newsletters, Analysis & Alerts

 

Stay informed with our FREE daily Newsletters and real-time breaking News Alerts. Sign up to receive the latest information on business news, health, technology, biotech, market analysis, currency trading and more.