Why Nordson Corporation Stock Just Slumped 9%

Why Nordson Corporation Stock Just Slumped 9%

Shares of adhesives- and coatings-dispensing equipment maker Nordson Corporation (NASDAQ: NDSN) are down 9% as of 10:45 a.m. EDT, following the company's announcement Monday evening of yet another earnings beat.

Nordson reported 19% growth in per-share earnings to $1.74 for fiscal Q3 2017, on sales growth of 20%, to $589.4 million. CEO Michael Hilton noted that this was Nordson's "strongest quarter in its history."

Analysts had only expected Nordson to report profits of $1.66 per share, and sales of $575.6 million. So once again (and for at least the fourth straight time) Nordson "beat" earnings on Monday.

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Source: Fool.com