WD-40 Earnings: Here’s Why Investors are Buying Shares Now
WD-40 Company (NASDAQ:WDFC) delivered a profit and beat Wall Street’s expectations, BUT came up short on beating the revenue expectation. The revenue miss is a negative sign to shareholders seeking high growth out of the company. Shares are up 5.72%.
WD-40 Company Earnings Cheat Sheet
Results: Adjusted Earnings Per Share increased 1.54% to $0.66 in the quarter versus EPS of $0.65 in the year-earlier quarter.
Revenue: Rose 0.85% to $86.7 million from the year-earlier quarter.
Actual vs. Wall St. Expectations: WD-40 Company reported adjusted EPS income of $0.66 per share. By that measure, the company beat the mean analyst estimate of $0.56. It missed the average revenue estimate of $87.37 million.
Quoting Management: “We are pleased that we have turned the corner in many of our European markets and have met our expectations in these markets despite continuing economic turmoil,” said Garry Ridge, WD-40 Company president and chief executive officer. “As we celebrate our 60th anniversary as a company, we continue to think big about our future and the path forward is clearer than ever before as we maintain growth based on solid implementation of our strategic objectives.”
Key Stats (on next page)…