INDIANAPOLIS, March 10, 2011 (GLOBE NEWSWIRE) -- Hurco Companies, Inc., (Nasdaq:HURC) today reported for its first quarter ended January 31, 2011, net income of $1,546,000, or $0.24 per diluted share, as compared to a net loss of $1,836,000, or $(0.29) per diluted share, for the first quarter of fiscal 2010.
Sales and service fees for the first quarter of fiscal 2011 totaled $39,680,000, an increase of $19,064,000, or 92%, from the first quarter of fiscal 2010. The effect of a stronger U.S. dollar when translating foreign sales to U.S. dollars for financial reporting purposes had a negative impact of approximately 5%, or $1,073,000, on the period-to-period comparison.
The following table sets forth net sales and service fees by geographic region for the first quarter of fiscal 2011 and 2010 (in thousands):
|Net Sales and Service Fees by Geographic Region|
|Three Months Ended|
|North America||$ 13,462||$ 6,101||121%|
|Total||$ 39,680||$ 20,616||92%|