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Declining demand caused increase in losses for the fiscal time frame ending Oct 31 2020, company's loss per share grew to $
-0.55 from $0.31 where Sales fell by
-25.89 % to $
44 millions from $60 millions a year ago.
In contrast to the third quarter 2020 Sales decreased by
-2.03 % from $45 millions and eps fell from $0.32 per share.
For the fiscal time frame ending Oct 31 2020 Hurco Companies Inc logged net loss of $
-3.589 million, instead of net income of $2.098 millions achieved in the same quarter a year before.
The losses from it's business operations, were increased by $5 million impairment charges.
Hurco Companies Inc reported net loss of $
-6 millions and Sales of $
171 millions for the fiscal year 2020.
Industrial Machinery and Components company said its eps were at
$-0.93 compare to $2.55 in the previous fiscal year, while Sales Tumbled by
-35.22 % from $263 millions a year ago.