Nordson Corporation (NDSN) witnessed a pre-market plunge of 6.23% on Thursday, as the precision technology company issued a downbeat fiscal first-quarter outlook and projected lower-than-expected revenue and earnings for the full year 2025.
The company forecasted fiscal 2025 revenue in the range of $2.75 billion to $2.87 billion, falling short of analysts' estimates of $2.93 billion. Additionally, Nordson's adjusted earnings per share guidance of $9.70 to $10.50 for the year also missed the Street's expectations of $10.41.
According to CEO Sundaram Nagarajan, Nordson is entering 2025 with a conservative viewpoint, considering the evolving global macroeconomic environment. The company cited slow recovery in certain end markets, particularly electronics and agriculture, as key factors behind the cautious outlook.
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