Industrial technology company Hurco Companies Inc. (HURC) Wednesday reported a fall in first-quarter profit, owing mainly to a reduction in reported sales, resulting from a shift in the timing of shipments between quarters, particularly in Europe.
For the period, the firm posted net earnings of $2.25 million or $0.34 per share, down from $4.63 million or $0.71 per share a year ago.
Sales and service fees for the quarter stood at $44.08 million, down from $51.12 million for the corresponding period last year, led by a $5.24 million fall in the Europe region and $2.71 million fall in the Asia Pacific region.
The company, however, said orders during the first quarter of 2013 were 5 percent higher than in the corresponding period last year.
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.