Hurco Cos (HURC) Reports Q1 EPS of $0.57

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Hurco Reports First Quarter Results

March 6, 2015 8:00 AM EST

INDIANAPOLIS, March 6, 2015 (GLOBE NEWSWIRE) -- Hurco Companies, Inc. (Nasdaq: HURC) today reported results for the first fiscal quarter ended January 31, 2015. Hurco recorded net income of $3,766,000, or $0.57 per diluted share, for the first quarter of fiscal 2015 compared to net income of $2,369,000 or $0.36 per diluted share, for the corresponding period in fiscal 2014.

Sales and service fees for the first quarter of fiscal 2015 were $50,972,000, a slight increase from the same period in the prior year. However, sales and service fees for the first quarter of fiscal 2015 were adversely affected by an unfavorable currency impact of approximately... More