WESTLAKE, Ohio (AP) — WESTLAKE, Ohio (AP) — Nordson Corp. (NDSN) on Wednesday reported fiscal fourth-quarter profit of $122.2 million.
On a per-share basis, the Westlake, Ohio-based company said it had net income of $2.12. Earnings, adjusted for one-time gains and costs, were $2.78 per share.
The results beat Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of $2.59 per share.
The maker of adhesives and industrial coatings posted revenue of $744.5 million in the period, also beating Street forecasts. Three analysts surveyed by Zacks expected $733.3 million.
For the year, the company reported profit of $467.3 million, or $8.11 per share. Revenue was reported as $2.69 billion.
Nordson expects full-year earnings in the range of $9.70 to $10.50 per share, with revenue in the range of $2.75 billion to $2.87 billion.
_____
This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on NDSN at https://www.zacks.com/ap/NDSN
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.