Shares of Nordson Corp.
plummeted 13.7% toward a four-month in afternoon trading Tuesday, enough to pace the S&P 500’s SPX decliners, after the maker of products and systems used for adhesives, coatings and sealants missed fiscal first-quarter profit and sales expectations and cut its full-year outlook, as order entry has decreased in recent weeks and as several customers pushed out delivery dates. The company reported late Monday that net income for the quarter to Jan. 31 fell to $104.3 million, or $1.
plummeted 13.7% toward a four-month in afternoon trading Tuesday, enough to pace the S&P 500’s SPX decliners, after the maker of products and systems used for adhesives, coatings and sealants missed fiscal first-quarter profit and sales expectations and cut its full-year outlook, as order entry has decreased in recent weeks and as several customers pushed out delivery dates. The company reported late Monday that net income for the quarter to Jan. 31 fell to $104.3 million, or $1.