WD-40 stock slides as forecast overshadows earnings beat

WD-40 Co.

shares fell in the extended session Thursday after the maintenance and cleaning products company topped Wall Street estimates for the quarter but its earnings forecast for the year didn’t. WD-40 shares dropped as much as 4% after hours, closing the regular session virtually flat at $178.61. The company reported fiscal second-quarter net income of $16.5 million, or $1.21 a share, compared with $19.5 million, or $1.41 a share, in the year-ago period. Revenue rose to $130.

shares fell in the extended session Thursday after the maintenance and cleaning products company topped Wall Street estimates for the quarter but its earnings forecast for the year didn’t. WD-40 shares dropped as much as 4% after hours, closing the regular session virtually flat at $178.61. The company reported fiscal second-quarter net income of $16.5 million, or $1.21 a share, compared with $19.5 million, or $1.41 a share, in the year-ago period. Revenue rose to $130.

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