Log in to your IBTimes Account

close
ID
Password

Nordson sees 3Q income above Street; shares rise



By AP
21 May 2008 @ 05:30 pm EST

WESTLAKE, Ohio - Nordson Corp., which makes precision dispensing equipment, on Wednesday projected fiscal third-quarter profit above Wall Street estimates, citing expected sales growth.

Related Topic

Get stories by e-mail on this topic.

E-mail:
Quotes
NDSN 26.8 2.08

SYMBOL LOOKUP

The guidance, along with strong second-quarter results, sent Nordson shares climbing $5.86, or 9.6 percent, to $67 in aftermarket trading. They earlier $1.08 to $61.14 in the regular session.

Nordson forecast a profit of 91 cents to $1.01 per share, while analysts polled by Thomson Financial expect a profit of 88 cents per share.

The company projected sales growth 13 percent to 17 percent from the same period in fiscal 2007. Based on the company's third-quarter 2007 sales of $257.7 million, the guidance projects sales of $291.2 million to $301.5 million.

Analysts, on average, expect third-quarter sales of $285.1 million.

Nordson shares have traded in a 52-week range of $42.30 to $63.87.

Copyright 2008 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

    Click!
  • Rate this article:

Comments

Post Your Comment

You must be an IBTimes member to post a comment. Login | Register


advertisement
More Industries
Small-business owner Greg Mohr was hopping in and out of cars at the Los Angeles Auto Show, but he isn't in the market to buy one. Neither are retirees G...
Since the Nov. 4 election, investors have been abandoning stocks in a kind of slow-motion crash that experts say underlines just how anxious they are abo...
A Boeing plant in suburban Philadelphia remained shut down Saturday while officials investigated how a foreign object ended up inside an aircraft that wa...

Advertisement
Buy Foreclosures & Use Our Money

Split Big Profits! You Find it & We Fund it! Co-Own Or Cash Out! Get Free Info Kit Now!

Reach emerging Latin American markets!

Baldwin Linguas:
Translations Interpreting Localization:
English French Portuguese Spanish

Los angeles web design

Get your next web design project done with our los angeles web design team - Best web design with great price.

advertisement
 
IBTimes.com Web
Partners
International Business Times© 2008 The Ibtimes Company. All Rights Reserved. Terms of service | Privacy Policy | Advertising | About Us | Contact Us | Archives