Nordson Q2 Results Miss Estimate

(RTTNews) - Nordson Corp. (NDSN) reported net income for the second quarter of $49.2 million or $0.80 per share, compared to $61.9 million million or $0.96 per share for the year-ago quarter.

Net sales for the second quarter fell 4% to $400.73 million from $417.46 million a year ago.

Analysts polled by Thomson Reuters expected the company to earn $0.86 per share on revenue of $405.98 million for the second quarter.

Looking forward to the third quarter, the company forecasts year-over-year sales growth of 2% to 6% and earnings of $1.19 to $1.30 per share. Analysts currently expects the company to earn $1.28 per share on revenue growth of 6.50% for the third quarter.