Hardinge (HDNG) Misses Q2 EPS by 5c; Sees Stronger Second Half
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Hardinge Reports Second Quarter 2016 Results
August 5, 2016 6:55 AM EDTELMIRA, N.Y., Aug. 05, 2016 (GLOBE NEWSWIRE) -- Hardinge Inc. (NASDAQ: HDNG), a leading international provider of advanced metal-cutting solutions and accessories, reported financial results for its second quarter ended June 30, 2016.
Net sales (sales) for the quarter were $70.2 million, down 15% from $82.4 million in the prior-year period. Excluding the impact of unfavorable foreign currency translation of $1.6 million, sales were down 13% from the prior years second quarter. Net income was $0.1 million, or $0.01 income per diluted share. Non-GAAP(1) adjusted net income was $0.8 million, or $0.06 income per diluted share, compared to $1.6 million, or $0.12 income per diluted... More
