Nordson: Fiscal 1Q Earnings Snapshot
WESTLAKE, Ohio (AP) _ Nordson Corp. (NDSN) on Wednesday reported fiscal first-quarter net income of $48.6 million.
On a per-share basis, the Westlake, Ohio-based company said it had profit of 83 cents. Earnings, adjusted for pretax expenses and severance costs, came to 92 cents per share.
The results did not meet Wall Street expectations. The average estimate of seven analysts surveyed by Zacks Investment Research was for earnings of $1.13 per share.
The maker of adhesives and industrial coatings posted revenue of $497.9 million in the period, which met Street forecasts.
Nordson shares have climbed 16 percent since the beginning of the year. In the final minutes of trading on Wednesday, shares hit $138.82, increasing slightly in the last 12 months.