Shares of Nordson Corporation (NDSN) took a significant hit on Thursday, plunging by 7.85% in the intraday trading session. The sharp decline was triggered by the precision technology company's downbeat guidance for fiscal 2025, with both revenue and earnings projections falling short of analysts' expectations.

Nordson forecasted fiscal 2025 revenue in the range of $2.75 billion to $2.87 billion, lower than the consensus estimate of $2.93 billion. Additionally, the company's adjusted earnings per share guidance of $9.70 to $10.50 for the year also missed the Street's expectations of $10.41.

According to CEO Sundaram Nagarajan, Nordson is entering 2025 with a conservative viewpoint, considering the evolving global macroeconomic environment. The company cited slow recovery in certain end markets, particularly electronics and agriculture, as key factors behind the cautious outlook.

Despite the disappointing guidance, Nordson's fiscal fourth-quarter 2024 results exceeded expectations. The company reported a 4% year-over-year increase in net sales to $744 million, driven by favorable impacts from acquisitions and currency translation. However, net income for the quarter fell to $122 million from $128 million in the prior-year period, reflecting higher expenses and uneven demand in important areas.

Analysts have mixed views on Nordson's stock following the earnings release. While four out of ten brokerages rate the stock a "buy" or higher, six maintain a "hold" rating. The median price target for Nordson stands at $286.98, according to data compiled by LSEG.