What Happened?

Shares of manufacturing company Nordson (NASDAQ:NDSN) fell 8.2% in the morning session after the company reported weak third-quarter financial results. Its full-year revenue and earnings guidance fell short of Wall Street's estimates, sending shares lower. On the other hand, Nordson exceeded analysts' revenue, EBITDA, and EPS expectations this quarter. Overall, this quarter could have been better.

The shares closed the day at $229.12, down 8.2% from previous close.

The stock market overreacts to news, and big price drops can present good opportunities to buy high-quality stocks. Is now the time to buy Nordson? Access our full analysis report here, it’s free.

What The Market Is Telling Us

Nordson’s shares are not very volatile and have only had a move greater than 5% over the last year. In that context, today’s move indicates the market considers this news meaningful, although it might not be something that would fundamentally change its perception of the business.

Nordson is down 8.5% since the beginning of the year, and at $236.62 per share, it is trading 15.2% below its 52-week high of $278.89 from May 2024. Investors who bought $1,000 worth of Nordson’s shares 5 years ago would now be looking at an investment worth $1,452.

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