Hurco Cos (HURC) Reports Q4 EPS of $0.74

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Hurco Reports Fourth Quarter and Full-Year Results for Fiscal 2014

January 9, 2015 8:00 AM EST

INDIANAPOLIS, Jan. 9, 2015 (GLOBE NEWSWIRE) -- Hurco Companies, Inc. (Nasdaq: HURC) today reported net income of $4,863,000, or $0.74 per diluted share, for its fourth fiscal quarter ended October 31, 2014, compared to $1,899,000, or $0.29 per diluted share, for the corresponding period in fiscal 2013. For fiscal 2014, Hurco reported net income of $15,143,000, or $2.30 per diluted share, compared to $8,190,000, or $1.25 per diluted share, for fiscal 2013.

Sales and service fees for the fourth quarter of fiscal 2014 totaled $62,223,000, an increase of $8,281,000, or 15%, compared to the fourth quarter of fiscal 2013. The year-over-year increase in sales and service fees for the fourth quarter included an unfavorable impact of... More