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
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