WD-40 CompanyWDFC
▲ PositiveCapitalrelevance
Fiscal Q3 earnings beat estimates and full-year guidance raised.
Impact on stocks 1
Consumer Staples
WD-40 CompanyShares of WD-40 spiked on Friday after the company reported fiscal third-quarter profits that handily beat Wall Street estimates. Net sales jumped 24% to $195 million, with broad-based gains across the Americas, Asia-Pacific, and EIMEA segments. Adjusted net income soared 50% to $31.5 million, or $2.33 per share, well above the $1.56 analysts had expected. Management also raised its full-year guidance, now projecting net sales growth of 10% to 12% and adjusted earnings per share of $6.05 to $6.35.
WD-40 CompanyFiscal Q3 earnings beat estimates and full-year guidance raised.