Originally published at www.seclive.com
Filing in Focus: Hurco 10-Q, June 6, 2014
Hurco Companies Inc. (NASDAQ:HURC) announced its financial results for the second fiscal quarter of 2014, posting an increase in earnings from a year ago. Revenue increased from $49.6M to $53.7M and, with lower costs, gross profit improved from $15.3M to $16.6M. The industrial technology company posted an earnings increase from the year-ago $3.2M and $0.48 per share to $3.5M and $0.54 this quarter. CEO Michael Doar remarked that the company's performance overall was positive, with substantial improvements in Asia. The company expects sales to slow leading up to the International Manufacturing Technology Show so that customers can better evaluate their purchase options. Hurco will be displaying some of its new offerings and expects performance through the year to continue to improve.
Disclosure: The author has no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours.