Nordson Analysts Slash Their Forecasts After Q2 Results
Portfolio Pulse from Avi Kapoor
Nordson Corporation (NASDAQ:NDSN) reported mixed Q2 earnings, beating EPS estimates but missing revenue expectations. The company issued soft Q3 revenue guidance, leading analysts to slash their price targets. Despite this, Nordson shares gained 1.1%.
May 22, 2024 | 3:06 pm
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Nordson Corporation reported mixed Q2 earnings, beating EPS estimates but missing revenue expectations. The company issued soft Q3 revenue guidance, leading analysts to slash their price targets. Despite this, Nordson shares gained 1.1%.
Nordson's mixed Q2 results and soft Q3 guidance led analysts to lower their price targets, which could have a neutral to slightly negative impact on the stock. However, the stock's 1.1% gain suggests that investors may have already priced in the news.
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