Hurco Companies Q2 Profit Rises, Approves Dividend - Quick Facts

(RTTNews) - Industrial technology company Hurco Cos., Inc. (HURC) reported that net income for the second quarter grew to $3.96 million or $0.60 per share from $3.54 million or $0.54 per share in the prior-year quarter.

Sales and service fees for the quarter declined 7 percent to $50.18 million from $53.73 million in the same quarter last year.

The year-over-year drop in sales and service fees reflected a growth of $2.74 million or 5 percent, more than offset by a negative impact of $6.29 million or 12 percent, when translating foreign sales to U.S. Dollars for financial reporting purposes.

Orders for the quarter edged down 1 percent to $53.10 million from last year.

Hurco also said its Board of Directors approved a cash dividend of $0.08 per share, payable on July 6 to shareholders of record as of the close of business on June 22, 2015.