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Nordson: Fiscal 4Q Earnings Snapshot

WESTLAKE, Ohio (AP) _ Nordson Corp. (NDSN) on Wednesday reported fiscal fourth-quarter profit of $86.7 million.

The Westlake, Ohio-based company said it had profit of $1.47 per share. Earnings, adjusted for pretax gains, came to $1.44 per share.

The results did not meet Wall Street expectations. The average estimate of seven analysts surveyed by Zacks Investment Research was for earnings of $1.47 per share.

The maker of adhesives and industrial coatings posted revenue of $569.3 million in the period, beating Street forecasts. Six analysts surveyed by Zacks expected $560.4 million.

For the year, the company reported profit of $377.4 million, or $6.40 per share. Revenue was reported as $2.25 billion.

Nordson shares have fallen 23 percent since the beginning of the year. In the final minutes of trading on Wednesday, shares hit $112.07, a drop of nearly 10 percent in the last 12 months.


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