Hurco profit shoots up on strong sales, fees

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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