Best Ways to Keep your Money Save: Hurco Companies, Inc. (NASDAQ: HURC)

Hurco Companies, Inc. (NASDAQ: HURC) the stock changed +0.71% to recent value of $35.56. The trading volume was recorded to 21,104 shares as compared to average traded volume of 19,833 shares. The company net profit margin is 8.60% and gross profit margin is 31.40%. A look on the firm performance, its monthly performance is 0.71% and a quarterly performance of -11.83%.

Hurco Companies, Inc. (HURC) recently stated results for the second fiscal quarter ended April 30, 2019. Hurco recorded net income of $5,252,000, or $0.76 per diluted share, for the second quarter of fiscal 2019 contrast to net income of $3,751,000, or $0.55 per diluted share, for the corresponding period in fiscal 2018. For the first six months of fiscal 2019, Hurco stated net income of $11,906,000, or $1.73 per diluted share, contrast to $6,688,000, or $0.98 per diluted share, for the corresponding period in fiscal 2018.

Sales and service fees for the second quarter of fiscal 2019 were $70,674,000, an raise of $250,000, or less than 1 percent, contrast to the corresponding previous year period and included an unfavorable currency impact of $3,026,000, or 4 percent, when translating foreign sales to U.S. dollars for financial reporting purposes.  Sales and service fees for the first six months of fiscal 2019 were $144,887,000, an raise of $6,019,000, or 4 percent, contrast to the corresponding period in fiscal 2018, and included an unfavorable currency impact of $5,707,000, or 4 percent, when translating foreign sales to U.S. dollars for financial reporting purposes.

Sales in the Americas for the second quarter and first six months of fiscal 2019 raised by 10 percent and 24 percent, respectively, contrast to the corresponding periods in fiscal 2018.  The raises in sales for the second quarter and first six months of fiscal 2019 were primarily attributable to sales of vertical milling machines from a U.S. machine tool distributor purchased by Hurco in the fourth quarter of fiscal 2018 located in California, one of the largest machine tool markets in the U.S., and raised consumer demand for Hurco and Takumi vertical milling machines in the U.S.

European sales for the second quarter of fiscal 2019 were relatively unchanged contrast to the corresponding period in fiscal 2018, and included an unfavorable currency impact of 7 percent, when translating foreign sales to U.S. dollars for financial reporting purposes, which was largely offset by raised sales of Hurco vertical milling machines in Germany.  The 4 percent decrease in European sales for the first six months of fiscal 2019 was primarily attributable to an unfavorable currency impact of 6 percent, when translating foreign sales to U.S. dollars for financial reporting purposes.

Asian Pacific sales for the second quarter and first six months of fiscal 2019 reduced by 17 percent and 8 percent, respectively, contrast to the corresponding periods in fiscal 2018. The decrease in Asian Pacific sales for each of the second quarter and first six months of fiscal 2019 was primarily attributable to reduced shipments of Hurco vertical milling machines and Takumi bridge mill machines in China and an unfavorable currency impact of 2 percent and 5 percent, respectively, when translating foreign sales to U.S. dollars for financial reporting purposes.


NASDAQ: HURC moving down from its 20 days moving average with -0.48% and isolated negatively from 50 days moving average with -4.82%. Hurco Companiestrading downbeat from its 200 days moving average with -10.10%

Leave a Reply

Your email address will not be published. Required fields are marked *