Hurco Companies Q4 Profit Soars - Quick Facts

(RTTNews) - Industrial technology company Hurco Cos., Inc. (HURC) reported that net income for the fourth quarter soared to $4.86 million or $0.74 per share from $1.90 million or $0.29 per share in the prior-year quarter.

Sales and service fees for the quarter grew 15 percent to $62.22 million from $53.94 million in the same quarter last year. The year-over-year increase in sales and service fees included an unfavorable impact of about $662,000, or 1 percent, when translating foreign sales to U.S. Dollars for financial reporting purposes.

Orders for the fourth quarter increased 26 percent to $65.30 million from last year.