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Nordson tops Street 4Q forecasts

Nordson posts 4Q profit, results beat Wall Street forecasts

WESTLAKE, Ohio (AP) _ Nordson Corp. (NDSN) on Tuesday reported fiscal fourth-quarter net income of $75.9 million.

On a per-share basis, the Westlake, Ohio-based company said it had net income of $1.31. Earnings, adjusted for restructuring costs, came to $1.39 per share.

The results beat Wall Street expectations. The average estimate of eight analysts surveyed by Zacks Investment Research was for earnings of $1.23 per share.

The maker of adhesives and industrial coatings posted revenue of $509.3 million in the period, also beating Street forecasts. Eight analysts surveyed by Zacks expected $482.3 million.

For the year, the company reported profit of $271.8 million, or $4.73 per share. Revenue was reported as $1.81 billion.

Nordson shares have risen 63 percent since the beginning of the year. In the final minutes of trading on Tuesday, shares hit $104.54, a rise of 64 percent in the last 12 months.

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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

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Keywords: Nordson, Earnings Report