WD-40 (WDFC) Reports Q2 Miss; Cuts FY11 Outlook; Raises Buyback Program to $60M

April 6, 2011 4:03 PM EDT
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Price: $241.52 -3.39%

EPS Growth %: +19.2%

Financial Fact:
Interest expense: -481K

Today's EPS Names:
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WD-40 Company (NASDAQ: WDFC) reported Q2 EPS of $0.53, $0.14 worse than the analyst estimate of $0.67. Revenue for the quarter came in at $79.2 million versus the consensus estimate of $86.67 million.

Sees FY11 EPS of $2.23-$2.35, versus the consensus of $2.31. The company had previously guided to $2.25-$2.40.

Sees FY11 revenue of $335-$350 million, versus the consensus of $343.98 million. WD-40 previously guided sales to $340-$355 million.

The company raised its buyback program from $25 million to $60 million.

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