Nordson Q3 Earnings and Revenues Top Estimates
Nordson (NASDAQ: NDSN) came out with quarterly earnings of $2.41 per share, beating the Zacks Consensus Estimate of $2.33 per share. This compares to earnings of $2.35 per share a year ago. These figures are adjusted for non-recurring items.
This quarterly report represents an earnings surprise of 3.43%. A quarter ago, it was expected that this maker of adhesives and industrial coatings would post earnings of $2.30 per share when it actually produced earnings of $2.34, delivering a surprise of 1.74%.
Over the last four quarters, the company has surpassed consensus EPS estimates four times.
Nordson, which belongs to the Zacks Manufacturing – General Industrial industry, posted revenues of $661.6 million for the quarter ended July 2024, surpassing the Zacks Consensus Estimate by 0.97%. This compares to year-ago revenues of $648.68 million. The company has topped consensus revenue estimates three times over the last four quarters.
The sustainability of the stock’s immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management’s commentary on the earnings call.
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