logo
Share SHARE
FONT-SIZE Plus   Neg

Hurco Q3 Profit Down On Higher Expenses

Hurco Companies, Inc. (HURC), 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.

by RTT Staff Writer

For comments and feedback: editorial@rttnews.com

Business News

Editors Pick
The U.S. Food and Drug Administration Thursday announced it will start regulating all tobacco products, including e-cigarettes, cigars, hookah tobacco and pipe tobacco, just like it regulates cigarettes. Under the new rules, e-cigarettes manufacturers should receive marketing authorization from the... News Corp. (NWS, NWSA) on Thursday posted a loss for the third quarter, hurt largely by lower advertising revenue at news and information segment and a stronger dollar, partly offset by growth in the digital real estate business. The New York-based media company reported a third-quarter loss of $149... Action-sports camera maker GoPro Inc. (GPRO), Thursday posted a loss for the first quarter, as revenues nearly halved and margins dropped sharply reflecting weak demand for its wearable cameras. Loss for the quarter were higher than what Wall Street analysts estimated, but revenues trumped expectations. San...
comments powered by Disqus
Follow RTT