Nordson falls after revenue forecast cut

Nordson

21/05/2024 13:14

** Shares of dispensing equipment maker Nordson Corp
 NDSN.O  fall nearly 11% to $240 premarket
    ** Co slashes FY revenue forecast on slow recovery of
electronics and semiconductor markets
    ** Q3 sales and adjusted profit forecast also well below
analyst estimates
    ** Of the 11 brokerages covering stock, four rate it "buy"
or higher and 6 "hold"; median PT $292.48
    ** Stock hit an all-time high on May 10
    ** Up to last close, shares have gained 24% in the last 12
months

 (Reporting by Medha Singh)
 ((medha.singh@thomsonreuters.com))