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Nordson Fiscal Q2 Earnings Fall; Updates Guidance; Shares Drop After-Hours
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Nordson Fiscal Q2 Earnings Fall; Updates Guidance; Shares Drop After-Hours
May 20, 2024 2:14 PM

04:58 PM EDT, 05/20/2024 (MT Newswires) -- Nordson ( NDSN ) reported fiscal Q2 adjusted earnings Monday of $2.34 per diluted share, down from $2.45 a year earlier.

Analysts surveyed by Capital IQ expected $2.32.

Sales for the quarter ended April 30 was $650.6 million, up from $650.2 million a year earlier.

Analysts surveyed by Capital IQ expected $665.1 million.

The company said it expects fiscal Q3 adjusted EPS of $2.25 to $2.40 on revenue of $645 million to $670 million. Analysts surveyed by Capital IQ expected $2.73 for EPS on revenue of $708 million.

Nordson ( NDSN ) now expects fiscal year 2024 adjusted EPS of $9.35 to $9.75 on revenue growth of flat to 2%, compared with $10.00 to $10.50 for EPS on revenue growth of 4% to 7% growth previously. Analysts expected $10.24 for EPS.

Shares of the company fell more than 11% in recent after-hours activity.

Price: 238.60, Change: -29.81, Percent Change: -11.11

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