NEW YORK (TheStreet) -- Shares of Nordson(NDSN) - Get Report were soaring 9.43% to $100.95 on heavy trading volume late Tuesday afternoon after the company posted better-than-expected results for the 2016 fiscal third quarter.

After yesterday's closing bell, the Westlake, OH-based manufacturer reported adjusted earnings of $1.47 per diluted share, above analysts' estimates of $1.33 per share.

Revenue increased 6% to $490 million year-over-year, while analysts were looking for revenue of $480 million.

For the fiscal fourth quarter, Nordson sees earnings per share between $1.15 and $1.27. Analysts are projecting earnings of $1.15 per share.

Fourth-quarter revenue is expected to increase 6% to 10% year-over-year.

"A strong backlog, solid order rates, and continued customer project activity lead us to forecast robust growth, improved operating margin and higher earnings per share in our fourth quarter compared to the prior year," CEO Michael Hilton said in a statement.

About 1.46 million of the company's shares changed hands so far today compared to its average 30-day volume of 190,084 shares per day.

Separately, TheStreet Ratings Team has a "Buy" rating with a score of A- on the stock.

The company's strengths can be seen in multiple areas, such as its revenue growth, notable return on equity, expanding profit margins, solid stock price performance and increase in net income.

The team believes its strengths outweigh the fact that the company shows weak operating cash flow.

Recently, TheStreet Ratings objectively rated this stock according to its "risk-adjusted" total return prospect over a 12-month investment horizon. Not based on the news in any given day, the rating may differ from Jim Cramer's view or that of this articles's author.

You can view the full analysis from the report here: NDSN

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