WD-40 (WDFC) Shares Tumble 6% Following Q3 Results, FY12 Guidance

July 9, 2012 4:13 PM EDT Send to a Friend
Shares of WD-40 (Nasdaq: WDFC) are down about 6 percent following a Q3 miss but guidance which seemed relatively strong. After closing at $50.63, the stock is now trading down to $47.30.

Earnings of 57 cents missed by 4 cents, while sales totaled $87 million. The company is looking for FY12 sales of $353-$370 million, which compares to the Street estimate of $356.5 million, and EPS of $2.33-$2.45, vs. the consensus estimate of $2.37.


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