Nordson climbs after Q2 earnings beat estimates

Nordson

29/05/2025 14:57

** Dispensing equipment maker Nordson Corp NDSN.O shares surge 9% to $213 in early trade

** Co's Q2 earnings beat Wall Street estimates on Wednesday,  helped by growth in medical and fluid solutions business

** Ohio-based manufacturer posted Q2 revenue of $683 mln, exceeding analysts' estimates of $674 mln, data compiled by LSEG

** NDSN reported Q2 adj earnings of $2.42/share, surpassing estimates of $2.36/share

** Co forecast Q3 profit between $2.55 and $2.75 apiece, compared to estimates of $2.57/share

** Five of ten brokerages rate the stock "buy", five "hold"; their median PT is $244.29- data compiled by LSEG

** Including session moves, shares are up 1.4% YTD

 (Reporting by Apratim Sarkar)

 ((Apratim.Sarkar@thomsonreuters.com))