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Nordson Corp. (NASDAQ:NDSN) shares jumped 5.26% in after-hours trading on Wednesday, reaching $224.75 after reporting third-quarter results that exceeded Wall Street expectations across key metrics.
Check out the current price of NSDN stock here.
The Westlake, Ohio-based precision dispensing equipment manufacturer reported third-quarter revenue of $741.51 million, beating analyst estimates of $722.57 million. Adjusted earnings per share came in at $2.73, surpassing the $2.63 consensus estimate. Total revenue increased 12% year-over-year, demonstrating strong operational momentum.
| Segment | Revenue (in $ millions) | YoY Growth |
|---|---|---|
| Medical and Fluid Solutions | 219 | +32% |
| Advanced Technology Solutions | 171 | +17% |
| Industrial Precision Solutions | 351 | +1% |
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“Through our close-to-customer business model, diverse product portfolio and in-region, for-region manufacturing strategy, we have continuously demonstrated resilience and the ability to deliver solid growth and best-in-class profitability,” said CEO Sundaram Nagarajan.
Nordson indicated full-year revenue is tracking “slightly below” guidance midpoint, while earnings per share trends “slightly above” midpoint expectations.
According to Benzinga Pro data, NDSN closed regular trading at $213.52, down 1.83% for the session. The stock trades at a price to earnings ratio of 27.47 with a market capitalization of $12.07 billion. Recent analyst upgrades include Oppenheimer‘s Christopher Glynn raising the rating to Outperform with a $260 price target, citing strong fundamentals.
The shares of the complex medical devices and components manufacturer have traded between $165.03 and $266.86 over the past year, with a market capitalization of $12.07 billion and an average daily volume of about 308,000 shares.
Benzinga’s Edge Stock Rankings indicate that NSDN is experiencing long-term consolidation along with medium and short-term upward movement. Know how its momentum lines up with other well-known names.
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Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.
Photo: Piotr Swat / Shutterstock.com
Posted In: NDSN
