A number of stocks jumped in the afternoon session after the major indices rebounded, as Fed Chair Jerome Powell delivered dovish remarks at the much-awaited Jackson Hole symposium. Powell suggested that with inflation risks moderating and unemployment remaining low, the Federal Reserve might consider a shift in its monetary policy stance, including potential interest rate cuts. This outlook eased market concerns about prolonged high interest rates and their impact on economic growth. The prospect of lower borrowing costs bolstered investor confidence, particularly in sectors that have lagged, leading to a broad rally across the market.
In a dynamic week for corporate news, two distinct narratives emerged, painting a picture of both strategic success and cautious recalibration within the market. Nordson Corporation (NASDAQ: NDSN), a global leader in precision dispensing equipment, saw its stock surge by 3% after reporting robust third-quarter earnings that comfortably surpassed analyst
Manufacturing company Nordson (NASDAQ:NDSN) reported Q2 CY2025 results exceeding the market’s revenue expectations, with sales up 12.1% year on year to $741.5 million. Its non-GAAP profit of $2.73 per share was 3.5% above analysts’ consensus estimates.
Technology stocks on the Nasdaq 100 were poised for a third consecutive day of losses Thursday, as investors continued to adopt a risk-off stance ahead of Federal Reserve Chair Jerome Powell's speech at the central bank's annual Jackson Hole Symposium on Friday.
Shares of manufacturing company Nordson (NASDAQ:NDSN)
jumped 6.8% in the morning session after it reported strong second-quarter financial results that surpassed Wall Street expectations for both revenue and profit. The precision dispensing equipment manufacturer reported second-quarter revenue of $741.5 million, an increase of 12.1% year-over-year and ahead of the consensus estimate of $722.2 million. Adjusted earnings per share came in at $2.73, up from $2.41 in the prior year and surpassing Wall Street's expectation of $2.64. The better-than-expected results were supported by organic revenue growth of 2.1%, which analysts had expected to be flat. The company also demonstrated strong cash generation, with its free cash flow margin improving to 30.5% from 21.6% in the same quarter last year.
Manufacturing company Nordson (NASDAQ:NDSN) reported Q2 CY2025 results beating Wall Street’s revenue expectations, with sales up 12.1% year on year to $741.5 million. Its non-GAAP profit of $2.73 per share was 3.5% above analysts’ consensus estimates.
