Dec 11 (Reuters) - Dispensing equipment maker Nordson Corp forecast fiscal 2025 revenue below Wall Street estimates on Wednesday, as a slow recovery in electronics and agriculture markets hurt sales for the company's products.
Shares of the company were down more than 4% in aftermarket trade.
Nordson, which makes spraying equipment for agricultural use, is grappling with a downturn in the market as high borrowing costs and lower crop prices have dented demand for farm equipment.
Consumers postponing purchase of big-ticket items amid high inflation has also impacted sales in Nordson's advanced technology solutions segment that makes packaging tools used in semiconductor production.
"Considering the evolving global macro-environment, we are entering 2025 with a conservative viewpoint," CEO Sundaram Nagarajan said.
Nordson expects its full-year 2025 revenue to be between $2.75 billion and $2.87 billion. Analysts on average expect $2.93 billion, according to data compiled by LSEG.
The company expects adjusted profit for fiscal 2025 to be in the range of $9.70 to $10.50 per share, compared with Wall Street estimates of $10.41.
However, the company reported fourth-quarter adjusted earnings of $2.78 per share, beating estimates of $2.59.
The Westlake, Ohio-based manufacturer's quarterly revenue rose 4% from a year earlier to $744 million, above estimates of $736.4 million.
(Reporting by Kannaki Deka and Abhinav Parmar in Bengaluru; Editing by Krishna Chandra Eluri)
((Kannaki.Deka@thomsonreuters.com;))
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