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Nordson Jumps 9%, Hits Record High - Delivers Q2 Beat, Guides for Increased Earnings in Q3

Nordson Jumps 9%, Hits Record High - Delivers Q2 Beat, Guides for Increased Earnings in Q3

Nordson Corp. (NDSN) remained up sharply at midday and earlier reached an all-time high after it reported late Thursday better-than-expected Q2 results compared to the consensus of analysts polled by Capital IQ. The industrial machines company posted Q2 non-GAAP EPS of $0.97 topped analyst estimates of $0.89 per share and were higher than prior-year EPS of $0.84. Revenues increase 9% to $417 million, beating analyst estimates of $407 million.For Q3, NDSN sees GAAP EPS in the range of $1.06 to $1.16 vs. analysts consensus of $1.10, if comparable. Shares are up 8.60% at $81.32, and earlier hit a record high of $82.24.

Nordson Jumps 9%, Hits Record High - Delivers Q2 Beat, Guides for Increased Earnings in Q3