UPDATE 1-Nordson Q1 profit rises; shares jump

* Q1 EPS $0.78 vs $0.33 year ago

* Sees Q2 EPS $0.81-$0.89

* Shares up 8 pct after market

Feb 22 (Reuters) - Nordson Corp (NDSN.O), which makes precision dispensing equipment, posted a two-fold rise in quarterly profit, helped by improvement in order rates, sending its shares up 8 percent in extended trade.

The company expects second-quarter earnings of 81 cents to 89 cents a share.

Analysts on average were expecting earnings of 65 cents per share, according to Thomson Reuters I/B/E/S.

For the first quarter ended Jan. 31, the company reported net income of $26.7 million, or 78 cents a share, compared with $11.2 million, or 33 cents a share, a year ago.

Revenue rose 18 percent to $220.6 million.

Analysts expected Nordson to earn 58 cents a share, before special items, on revenue of $212.2 million.

The quarter's earnings include a one-time tax benefit of 9 cents per share.

For the quarter, order rates increased 33 percent, while backlog rose 26 percent to $102 million.

Shares of the company were trading up 8 percent at $64 in extended trade. They closed at $59.43 Monday on Nasdaq.

For more details, please double click on [ID:nWNAB0236] (Reporting by Fareha Khan in Bangalore; Editing by Unnikrishnan Nair)