Nordson Stock Tumbles After Company Trims Sales and Earnings Guidance

Key Takeaways Nordson (NDSN) shares fell sharply in premarket trading Tuesday morning after the industrial equipment maker trimmed its annual sales and earnings outlook amid weakness in electronics orders and agricultural challenges in Europe. The Westlake, Ohio-based company said it now expects full-year fiscal 2024 net sales growth to come in between flat and up 2%, significantly below its prior forecast of 4% to 7% growth. Analysts had been looking for annual revenue to reach $2.77 billion, representing ...