Hurco Earlier Reported Q1 2024 EPS $(0.25) Down From $0.20 YoY; Revenue $45.059M Down From $54,682M YoY
Portfolio Pulse from Benzinga Newsdesk
Hurco reported a decrease in its Q1 2024 earnings per share (EPS) to $(0.25) from $0.20 year-over-year (YoY). Revenue also fell to $45.059M from $54.682M YoY.

March 08, 2024 | 8:33 pm
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NEGATIVE IMPACT
Hurco's Q1 2024 earnings report indicates a significant decrease in both EPS and revenue compared to the previous year.
The reported decrease in both EPS and revenue for Hurco in Q1 2024 compared to the previous year is likely to negatively impact investor sentiment and could lead to a decrease in the stock price in the short term. The significant drop in EPS, from a positive to a negative value, and the decrease in revenue are critical indicators of the company's financial health and performance, which are essential factors that investors consider.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100