WD-40 stock skids after fiscal 2Q sales miss
WD-40 Company (NASDAQ:WDFC) shares slipped Tuesday after the company posted fiscal second-quarter earnings after the bell that missed on sales but beat on earnings.
The San Diego-based company brought in earnings of $1.14 per share on net sales of $101.3 million, up from $1.05 earnings per share (EPS) on net sales of $101 million the previous year. Analysts were expecting $1.11 earnings per share on revenue of $104 million.
Looking forward, the company reaffirmed its fiscal 2019 guidance of EPS between $4.51 and $4.58 on net sales between $425 million and $437 million. That said, Vice President and Chief Financial Officer Jay Rembolt noted that net sales would likely fell near the low end of the range.
Street analysts project $4.55 EPS on $427.7 million for fiscal 2019.
The stock slid nearly 4% to $165.58.
Contact Andrew Kessel at [email protected]
Follow him on Twitter @andrew_kessel
Story by ProactiveInvestors
Source: https://www.proactiveinvestors.com/companies/news/218270/wd-40-stock-skids-after-fiscal-2q-sales-miss-218270.html
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