logo
Share SHARE
FONT-SIZE Plus   Neg

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

Nordson Corp. (NDSN) 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.

by RTT Staff Writer

For comments and feedback: editorial@rttnews.com

Business News

Quick Facts

Editors Pick
Apple Inc. is working on a self-driving shuttle service to ferry employees within its sprawling campus, the New York Times reported. The move comes after the tech giant decided to abandon the idea of building an entire self-driving car by itself. Women who are between 25 and 34 years old are losing the race in the U.S. when it comes to pay equality with men, data from the Bureau of Labor Statistics showed. This is despite the rapid increase in participation of women in the labor force. Eric Daniels, the former chief executive of Lloyds Banking Group, is suing the bank for hundreds of thousands of pounds in disputed bonuses, The Times reported. He was at the top job when the lender was bailed out with 20 billion pounds of taxpayer money during the 2008 financial crisis.
comments powered by Disqus
Follow RTT