This Day On The Street
Continue to site
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

Hurco Fiscal 3Q Loss Narrows Slightly

INDIANAPOLIS (AP) â¿¿ Hurco Companies Inc., which designs and produces software and computerized tools for shaping metal, reported smaller third-quarter losses Friday with rising revenues offset by much higher costs.

The company posted a loss of $1.17 million, or 18 cents per share, compared with a year-earlier loss of $1.23 million, or 19 cents per share.

Revenue jumped 39 percent to $26.5 million from $19 million a year earlier. Costs rose 58 percent to $21.8 million.

Hurco said sales in the quarter were driven by demand for computerized metal cutting machines, especially in the Asia Pacific region. The region's sales were mostly driven by growth in China and the introduction of lower-priced machines in India, Hurco said.

Compared with the third quarter of fiscal 2009, shipments increased in North America by 25 percent and in Europe by 38 percent. Shipments in the Asia Pacific sales region more than doubled.

Copyright 2010 Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!
SYM TRADE IT LAST %CHG
HURC $33.29 0.00%
AAPL $130.28 0.00%
FB $81.53 0.00%
GOOG $565.06 0.00%
TSLA $218.42 0.00%

Markets

DOW 18,080.14 +21.45 0.12%
S&P 500 2,117.69 +4.76 0.23%
NASDAQ 5,092.0850 +36.0220 0.71%

Partners Compare Online Brokers

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs