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Stock impact report

HURC Stock Up Despite Y/Y Decline in Q3 Earnings, Gross Margin Down [Yahoo! Finance]

Hurco Companies, Inc. (HURC) 
US:NASDAQ Investor Relations: hurco.com/en-us/about-hurco/investors
Company Research Source: Yahoo! Finance
HURC Revenues in Detail Hurco registered revenues of $42.7 million in the fiscal third quarter, down 19.8% year over year. Dismal performances by all the geographic regions dampened the topline. Shares of this company gained 3.1% till last trading. Hurco's Geographic Results Hurco operates in three geographic regions — the Americas, Europe and Asia Pacific. Sales in the Americas for the third quarter of fiscal 2024 were $15.4 million, down 15.8% year over year. This decline resulted primarily due to decreased shipments of Hurco and Takumi machines. The decrease in sales of these machines was primarily attributable to reduced shipments of Hurco and Takumi 3-axis vertical machines, partially offset by increased sales of higher-performing Hurco 5-axis machines and Milltronics 3-axis vertical machines. Sales in Europe were $24.1 million, down 22.8% year over year. The year-over-year decline in European sales was primarily attributable to a decreased volume of shipments of H Show less Read more
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