Hurco profit shoots up on strong sales, fees

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Profit at Hurco Cos. Inc. soared 36 percent in its third fiscal quarter due to vibrant sales and service fees, particularly in Europe.

The Indianapolis-based maker of machine tools said the $5.2 million profit in the period ended July 31 also was driven by a big increase in orders in Europe and North America.

A small portion of the gains was created by a weaker dollar, which makes Hurco products less expensive to buy overseas.

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