Quick Facts
FONT-SIZE Plus   Neg
Share SHARE

Amended: Nordson Q1 Profit Drops; Guides Q2 - Quick Facts

RELATED NEWS
Trade NDSN now with 

Nordson Corp. (NDSN: Quote) reported that its first-quarter net income was $38.3 million or $0.58 per share, compared to $45.9 million or $0.67 per share in the same quarter last year.

On a non-GAAP basis, earnings per share declined to $0.62 from $0.65 last year. On average, eight analysts expected the company to earn $0.60 per share. Analysts' estimates typically exclude special items.

Net sales for the quarter rose 2 percent to $275.84 million from $270.96 million in the prior year quarter, while six analysts had consensus revenue estimate of $274.16 million for the quarter.

For the second-quarter of fiscal 2012, the company expects earnings to be in the range of $0.83 to $0.91 per share and sales in the range of $313 million to $326 million.

Analysts currently expect the company to report earnings of $0.77 per share and revenues of $316.49 million for the second quarter.

Click here to receive FREE breaking news email alerts for Nordson Corp and others in your portfolio

by RTT Staff Writer

For comments and feedback: editorial@rttnews.com

Business News

Quick Facts

Editors Pick
A ban on athletes using stamina-boosting gases - xenon and argon - came into effect on Monday. The World Anti-Doping Agency (WADA) said Hypoxia-Inducible Factor (HIF) activators Xenon and Argon have been added to the 2014 List of Prohibited Substances and Methods List following the required three-month notice period and UNESCO's communication to all States Parties. A recommendation to revise the British manufacturing growth eased further in August to its lowest level in 14 months as output and demand increased at slower rates, survey results from Markit Economics showed Monday. The Markit/CIPS Purchasing Managers' Index dropped to 52.5 from a revised 54.8 in July. Economists had expected the score to fall to 55.1 from July's original figure of 55.4. Consumers spent less in July than in the previous month, a surprise retreat that complicates the prevailing belief that the U.S. economic situation is improving. Along with the unexpected drop in spending, government figures released on Friday showed that incomes rose at a slower pace in July than in the previous month. Meanwhile, data on prices indicated that inflation pressures remain tame.
comments powered by Disqus
FREE Newsletters, Analysis & Alerts

 

Stay informed with our FREE daily Newsletters and real-time breaking News Alerts. Sign up to receive the latest information on business news, health, technology, biotech, market analysis, currency trading and more.