Hardinge (HDNG) Misses Q3 EPS by 3c
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Hardinge Reports Third Quarter 2015 Results
November 5, 2015 6:55 AM ESTELMIRA, N.Y., Nov. 5, 2015 (GLOBE NEWSWIRE) -- Hardinge Inc. (NASDAQ: HDNG), a leading international provider of advanced metal-cutting solutions and accessories, reported financial results for its third quarter ended September 30, 2015.
Net sales ("sales") for the quarter increased $7.9 million to $76.8 million. Excluding $2.2 million for unfavorable foreign currency translation, this represents a 15% increase over the prior year's third quarter. Orders for the quarter were $72.0 million, a 1% decrease from the prior year's third quarter when adjusted for unfavorable foreign currency translation.
Non-GAAP(1) net income for the quarter was $0.8 million, or $0.06 per diluted share, compared with... More
