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Nordson Corp beat Q2 earnings estimates but saw stock drop as it gave cautious Q3 guidance.
Nordson Corporation reported Q2 earnings of $2.42 per share, beating estimates by $0.06.
Despite this, its stock fell $2.27 to $195.74 on the earnings report day.
The company provided Q3 guidance of $2.55 to $2.75 EPS and has a market cap of $11.14 billion.
Nordson, which makes products to dispense and control various fluids, saw year-on-year sales growth of 5% to $682.9 million.
The company's free cash flow and operating margins declined slightly from the previous year.
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Nordson Corp superó las estimaciones de ganancias del segundo trimestre, pero vio caer las acciones al dar una guía cautelosa para el tercer trimestre.