Nordson Corp's (NDSN) Q2 Earnings Beats Analysts' Expectations

Nordson Corp. NDSN said late Thursday that its profit more than doubled in the Q2 as its sales grew by 34%. The maker of adhesive application equipment Nordson Corp. (NDSN) said net income rose to $32.4 million, or 94 cents per share, compared with $13.8 million, or 41 cents per share a year ago. As the Nordson Corp. (NDSN) Q2 profits and sales beat the analysts’ expectations, its stock soared 6.85% to $67.14 by mid-day trading. The Norsdon Corp’s (NDSN) results included 15 cents a share for recently enacted changes in the tax treatment of a Medicare insurance benefit and 1 cent for restructuring charges.