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
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HURC
News
- Hurco Companies, Inc. (NASDAQ: HURC) was downgraded by analysts at StockNews.com from a "hold" rating to a "sell" rating.MarketBeat
- Hurco Companies, Inc. (NASDAQ: HURC) was upgraded by analysts at StockNews.com from a "sell" rating to a "hold" rating.MarketBeat
- CNC Solutions Market to Grow by USD 9.24 Billion from 2024-2028, Driven by Increased Use of Servo-Based Systems and AI's Impact on Market Trends - Technavio [Yahoo! Finance]Yahoo! Finance
- Hurco Poised to Pioneer the Future of ManufacturingGlobeNewswire
- CNC Horizontal Machining Centres Market to Grow by USD 2.67 Billion (2024-2028), Driven by Precision Manufacturing Demand and AI's Impact on Market Trends - Technavio [Yahoo! Finance]Yahoo! Finance
HURC
Sec Filings
- 11/14/24 - Form SC
- 11/7/24 - Form SCHEDULE
- 11/4/24 - Form SC
- HURC's page on the SEC website