Why Nordson Corporation Stock Just Slumped 9%
Shares of adhesives- and coatings-dispensing equipment maker Nordson Corporation (NASDAQ: NDSN) are down 9% as of 10:45 a.m. EDT, following the company's announcement Monday evening of yet another earnings beat.
Nordson reported 19% growth in per-share earnings to $1.74 for fiscal Q3 2017, on sales growth of 20%, to $589.4 million. CEO Michael Hilton noted that this was Nordson's "strongest quarter in its history."
Analysts had only expected Nordson to report profits of $1.66 per share, and sales of $575.6 million. So once again (and for at least the fourth straight time) Nordson "beat" earnings on Monday.
Source: Fool.com
Nordson Corp. Stock
€220.70
0.590%
Nordson Corp. is currently one of the favorites of our community with 9 Buy predictions and no Sell predictions.
With a target price of 261 € there is a slightly positive potential of 18.26% for Nordson Corp. compared to the current price of 220.7 €.
