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Technical Analysis
- 2/27/2009 2:22:56 PM
By Chip Brian, SmarTrend Analytics Team
Hurco Companies, Inc. (NASDAQ:HURC) reported net income of $354,000, or $0.05 per diluted share for its first quarter ended January 31, 2009, a decrease of 95% from the corresponding period in fiscal 2008. Sales and service fees for the quarter totaled $28.31 million, a decrease of 54% compared to the first quarter of 2008, and well below consensus estimates of $47.47 million, which the company attributes to the current economic disruption across all markets around the world.
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