Nordson Q2 Adj. EPS $2.26 Beats $2.11 Estimate, Sales $650.00M Beat $638.73M Estimate
Portfolio Pulse from Benzinga Newsdesk
Nordson reported Q2 adjusted EPS of $2.26, beating estimates of $2.11, and sales of $650M, surpassing the $638.73M estimate. However, EPS decreased by 7% YoY, while sales increased by 2.3% YoY.
May 22, 2023 | 8:30 pm
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Nordson's Q2 earnings beat estimates with EPS of $2.26 and sales of $650M. EPS decreased 7% YoY, while sales increased 2.3% YoY.
Nordson's Q2 results exceeded analyst expectations in both EPS and sales, which is a positive signal for investors. However, the 7% YoY decrease in EPS may raise concerns about the company's profitability. The 2.3% YoY increase in sales indicates growth, which could positively impact the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100