Tuesday, Hurco Companies Inc. (HURC) said its fourth-quarter net loss was $1.16 million or $0.18 per share compared with a profit of $3.42 million or $0.53 per share in the prior year period. Sales and service fees for the quarter declined to $23.18 million from $47.46 million in the comparable period.
For fiscal year ending October 31, 2009, the company reported a net loss of $2.32 million or $0.36 per share versus a net income of $22.52 million or $3.49 per share in the year-ago period. Sales and service fees for the year totaled $91.01 million, a decrease of 59%, from $223.99 million last year.
For comments and feedback: editorial@rttnews.com