(Finance) – Modest recovery for Nordsonwhich changes hands up 1.21%, after losing ground in the wake of the quarterly and the disappointment with the guidance.
The adhesive supply equipment maker reported revenue of $648.7 million, lower than the $664.9 million expected by analysts. For the full year, Nordson expects earnings per share to be in the range of $8.90 to $9.05, lower than its prior guidance of $8.90 to $9.30, as well as the analyst-listed estimate of $9.06 per share.
The technical scenario seen in one week of the title compared to the index S&P-500shows a slowdown in the trend of Nordson compared toUS basketball indexmaking the stock a potential target for investors to sell.
Analyzing the scenario of Nordson there is an extension of the bearish phase at the test of the USD 228.5 support. First resistance at 236.6. Expectations are for an extension of the negative line towards new lows at 223.4.