Nordson Corp. (NDSN) reported first quarter adjusted EPS of $1.07 after the close Thursday, up from $0.86 in the prior year. The consensus estimate was for EPS of $1.03. Net sales rose to $347.04 million, a 26 percent increase from $373.83 million in the prior year, while the consensus estimate was $348.93 million.
Nodson gapped open lower Friday and is now down 5.69 at $61.02 on above average volume. The stock has been pulling back from the highs of the year for the last 2 sessions and has set a 2-month low. Nordson has also dropped below its 50-day moving average.
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