Hurco Cos Inc Up 1.59% To $21.54 After Earnings

Hurco Cos Inc (HURC) said before open Friday that it earned $0.06 per share in quarter two 2023. The company reported $53.8 million in revenue

In the same quarter a year ago, the company earned $0.3 per share on revenue of $62.8 million.

The stock is up 1.59% to $21.54 after the report.

Hurco Cos Inc's profit margins took a hit as earnings fell at a faster pace than revenues.

Trading in the five days leading up to the report earned Hurco Cos Inc a Bearish Sentiment Rank from InvestorsObserver.

Hurco Cos Inc has performed poorly during the past few months, garnering a low Long-Term Technical Rank by InvestorsObserver of 8, putting Hurco Cos Inc in the bottom 25% of stocks. The firm was recently trading at a 52-week low of $20.93 on May 2, 2023 and set a 52-week high on February 28, 2023 at $30.41.

Hurco Companies Inc is a United States-based industrial technology company. It designs, manufactures, and sells computerized machine tools, consisting mainly of vertical machining centers and turning centers, to companies in the metal working industry through sales, service and distribution network. The company concentrated on designing user-friendly computer control systems that can be operated by both skilled and unskilled machine tool operators. It generates maximum revenue from the Computerized Machine Tools product. Geographically, it derives a majority of revenue from the United States of America. Its product categories include 5-Axis VMC; 3-Axis VMC; Horizontal MC and Turning Centers.