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Nordson Corp. (NDSN) Rose To A 7-Month High After Q1 Report

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2/27/2012 7:34 AM ET

Nordson Corp. (NDSN: Quote) reported first quarter non-GAAP EPS of $0.62 after the close Thursday, down from $0.65 in the previous year. The consensus estimate was for EPS of $0.60. Second quarter EPS is expected to be between $0.83 and $0.91, compared to the consensus estimate of $0.77.

Nordson Corp. gapped open higher Friday and spiked to the upside in early trade. The stock settled into a range for the remainder of the session and closed higher by 3.63 at $54.46, with volume at an 8-month high. Nordson has been on an upward trend for the last month and a half and closed at a 7-month high.

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by RTT Staff Writer

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