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Hurco Companies inc. (HURC)

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Sector • Technology Industry • Electronic Instruments & Controls

Industry • Electronic Instruments & Controls

Sector • Technology

Earnings fell while Revenues grew at the HURC over the financial third quarter of 2022

company recorded third quarter of 2022 operating profit of $1.752 millions

Published 2022-09-03T13:18:32+00:00
Goran Soko / CSIMarket.com Contributer

HURC recorded conflicting earnings in the financial third quarter of 2022, where Revenue grew by 6.39 % to $57.64 millions in comparison to $54.18 millions on a year-over-year basis, while income fell by -21.74 % to $0.18 per share, off $0.23 in the prior year financial reporting period.

Revenue deteriorated by -8.253 % from $62.83 millions in preceding period, profit plummeted by -40 % from $0.30 per share.

The Electronic Instruments & Controls company resumes to make vital investments in capital goods, development, and staff to help the looming market capitalization for shareholders.
Earnings of $1.238 millions in the most recent fiscal period fell by -21.05 % from $1.568 millions in the corresponding period a year before. Hurco Companies Inc. shifted it's focus on improving sales in the most recent fiscal period, as a result net margin eased to 2.15%.
Operating earnings, fell -33.71% to $1.752 millions, squeezing Hurco Companies Inc.'s operating margin to %.

Hurco Companies Inc. is expected to report next financial recent numbers on January 06, 2023.

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Other HURC's Earnings Reports

Hurco Companies reported second quarter 2022 earnings

Hurco Companies reported first quarter 2022 earnings

Hurco Companies reported fourth quarter 2021 earnings


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