WD-40 Quarterly Report Misses Wall Street Expectations

By MarketWatch Pulse

40 Co. on Wednesday said it earned $11 million, or 75 cents a share, in the fiscal third quarter, compared with $10.4 million, or 69 cents a share, a year ago. Sales reached $92.5 million in the quarter, down from $95.65 million a year ago. A stronger U.S. dollar hurt sales, the company said. Analysts had expected WD-40, which makes the lubricant with the same name and other products, to post earnings of 78 cents a share on sales of $99.4 million. Immediately after results, shares fell nearly 5%, but were recently flat after ending the day up 1.8%.

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