Hurco (HURC) Reports Q1 EPS of $0.58

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Go back to Hurco (HURC) Reports Q1 EPS of $0.58

Hurco Reports First Quarter Results for Fiscal 2016

March 4, 2016 8:00 AM EST

INDIANAPOLIS, March 04, 2016 (GLOBE NEWSWIRE) -- Hurco Companies, Inc. (Nasdaq: HURC) today reported results for the first fiscal quarter ended January 31, 2016. Hurco recorded net income of $3,895,000, or $0.58 per diluted share, for the first quarter of fiscal 2016 compared to net income of $3,766,000, or $0.57 per diluted share, for the corresponding period in fiscal 2015.

Sales and service fees for the first quarter of fiscal 2016 were $56,503,000, an increase of $5,531,000, or 11%, compared to the corresponding period in fiscal 2015. Excluding a negative currency impact of $3,531,000, sales and service fees for the first quarter of fiscal 2016 reflected... More