Nordson Forecasts Q3 Results More than Analysts Guidance

Nordson Forecasts Q3 Results More than Analysts Guidance

Nordson Corporation (NASDAQ:NDSN) estimates Q3 financial results more than analysts’ anticipations, directed its shares to climbed almost 3 percent in extended trade session on Monday.

The company which makes precision dispensing machines used in making of consumer goods stated that it hopes to earn around 96 cents to $1.04 a share on revenue in the range of $337 million to $349 million in the present quarter.

On average, analysts had been anticipated earnings of 86 cents a share on revenue of $326 million as confirmed by Thomson Reuters data.

Chief Executive Officer Michael Hilton declared in a statement that their current order rates were supporting and surpassed the levels they observed during the primary half the year.

The Industrial Goods sector and Diversified Machinery industry element Nordson Corporation (NASDAQ:NDSN) traded at $53.72 by adding 9.63% or 4.72 dollar with traded volume of 0.106 million below the average volume of 0.25 million at 10:05AM EDT.

The company belongs to Nasdaq composite index and contributes with market capitalization of 3.17 billion. Nordson sales were 1.24 billion while its net income was 214.84 billion.

NDSN has a $8.53 book value per share while the stock has the $0.76 value in cash per share. The company operates with 4133.

Some other stocks that weighed the industry includes General Electric Company (NYSE:GE) with price to earnings ratio of 15.67, Ecotality, Inc (NASDAQ:ECTY) and Ingersoll-Rand PLC (NYSE:IR) has PE ratio of 23.99 at 12.40 billion of market capitalization.