Hurco (HURC) Reports Q1 EPS of $0.20

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Go back to Hurco (HURC) Reports Q1 EPS of $0.20

Hurco Reports First Quarter Results For Fiscal Year 2023 and Announces Quarterly Cash Dividend

March 10, 2023 8:00 AM EST

INDIANAPOLIS, March 10, 2023 (GLOBE NEWSWIRE) -- Hurco Companies, Inc. (Nasdaq: HURC) today reported results for the first fiscal quarter ended January 31, 2023. Hurco recorded net income of $1,330,000, or $0.20 per diluted share, for the first quarter of fiscal year 2023, compared to net income of $3,535,000, or $0.53 per diluted share, for the corresponding period in fiscal year 2022.

Sales and service fees for the first quarter of fiscal year 2023 were $54,682,000, a decrease of $12,205,000, or 18%, compared to the corresponding prior year period, and included an unfavorable currency impact of $3,189,000, or 5%, when translating foreign sales to U.S. dollars for... More