Advertisement
Singapore markets closed
  • Straits Times Index

    3,224.01
    -27.70 (-0.85%)
     
  • S&P 500

    5,248.70
    +0.21 (+0.00%)
     
  • Dow

    39,777.22
    +17.14 (+0.04%)
     
  • Nasdaq

    16,384.13
    -15.39 (-0.09%)
     
  • Bitcoin USD

    70,778.16
    -224.61 (-0.32%)
     
  • CMC Crypto 200

    885.54
    0.00 (0.00%)
     
  • FTSE 100

    7,959.57
    +27.59 (+0.35%)
     
  • Gold

    2,229.50
    +16.80 (+0.76%)
     
  • Crude Oil

    82.47
    +1.12 (+1.38%)
     
  • 10-Yr Bond

    4.2180
    +0.0220 (+0.52%)
     
  • Nikkei

    40,168.07
    -594.66 (-1.46%)
     
  • Hang Seng

    16,541.42
    +148.58 (+0.91%)
     
  • FTSE Bursa Malaysia

    1,530.60
    -7.82 (-0.51%)
     
  • Jakarta Composite Index

    7,288.81
    -21.28 (-0.29%)
     
  • PSE Index

    6,903.53
    +5.36 (+0.08%)
     

Nordson: Fiscal 4Q Earnings Snapshot

WESTLAKE, Ohio (AP) _ Nordson Corp. (NDSN) on Wednesday reported fiscal fourth-quarter net income of $102.7 million.

On a per-share basis, the Westlake, Ohio-based company said it had profit of $1.76. Earnings, adjusted for severance costs, were $1.79 per share.

The results beat Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of $1.77 per share.

The maker of adhesives and industrial coatings posted revenue of $585.5 million in the period, which fell short of Street forecasts. Four analysts surveyed by Zacks expected $604.3 million.

ADVERTISEMENT

For the year, the company reported profit of $337.1 million, or $5.79 per share. Revenue was reported as $2.19 billion.

Nordson shares have risen 40% since the beginning of the year. In the final minutes of trading on Wednesday, shares hit $167, an increase of 51% in the last 12 months.

_____

This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on NDSN at https://www.zacks.com/ap/NDSN