Nordson Q2 Adj. Profit Beats Estimate; Issues Q3 Outlook - Quick Facts

(RTTNews) - Nordson Corp. (NDSN) Tuesday reported second-quarter net income of $61.9 million or $0.96 per share, compared to $54.6 million or $0.84 per share in the comparable quarter last year.

Adjusted earnings for the latest second quarter were $0.97 per share, up from $0.84 per share in the prior year quarter. On average, 12 analysts polled by Thomson Reuters expected the company to earn $0.89 per share for the quarter. Analysts' estimates typically exclude special items.

Sales rose 9% to $417.46 million from $382.10 million last year, while ten analysts expected revenues of $406.71 million.

Looking ahead to the third quarter, the company has forecast earnings in the range of $1.06 to $1.16 per share, with sales ranging between 9 percent to 13 percent. Analysts currently expect the company to earn $1.10 per share on third-quarter revenues of $439.47 million.