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
Shares of Fred's Inc. tumbled more than 20 percent in pre-market trades Thursday after the company's agreement with Walgreens Boots Alliance Inc. and Rite Aid Corp. to purchase 865 stores was terminated. The termination of the deal comes after Rite Aid and Walgreens Boots said they have mutually agreed to terminate their previous agreement under which Walgreens was to acquire Rite Aid. Tesla's Elon Musk was adjudged the most cautious CEO by Watson supercomputer of IBM. Cisco's Chuck Robbins, Microsoft's Satya Nadella, and Oracle's Larry Ellison are the other toppers in the list. Online thrift store ThredUP is opening physical retail locations to complement its online presence. The startup has announced the opening of its first store in San Marcos, Texas. The company, which raised over $130 million in funding, said it plans to open four additional brick and mortar retail stores by the end of the year.
comments powered by Disqus
Follow RTT