Nordson Sees FY24 $2.665B-$2.705B vs $2.65B Est., Sees Adj. EPS $9.45-$9.65 vs $9.51 Est.
Portfolio Pulse from Benzinga Newsdesk
Nordson Corporation has released its financial guidance for fiscal year 2024, projecting revenues between $2.665 billion and $2.705 billion, slightly above the estimated $2.65 billion. The company also anticipates adjusted earnings per share (EPS) to range from $9.45 to $9.65, compared to the estimated $9.51.
August 21, 2024 | 8:34 pm
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Nordson Corporation's FY24 guidance exceeds estimates with projected revenues of $2.665B-$2.705B and adjusted EPS of $9.45-$9.65, indicating potential positive investor sentiment.
Nordson's revenue and EPS guidance for FY24 are both above market estimates, which is likely to be viewed positively by investors. This suggests confidence in the company's future performance and could lead to a short-term increase in stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100