WD-40 Co (WDFC) Reports Q3 Miss; Guides FY12 to High End of Range

July 9, 2012 4:00 PM EDT
WD-40 Co (NASDAQ: WDFC) reported Q3 EPS of $0.57, $0.04 worse than the analyst estimate of $0.61. Revenue for the quarter came in at $87 million versus the consensus estimate of $91.84 million.

Sees 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.

"While our guidance has remained unchanged, we expect to come in at the lower end of our guidance due to our concerns about the continuing economic conditions in European markets," Ridge said.

"We remain focused on executing on our five core strategic initiatives to ensure the long-term growth we are after," Ridge said. "Our strategic focus continues to be on maximizing the WD-40 brand, being the global leader in our key product categories, continuing our long-term innovation efforts to ensure profitable growth of the company, developing strategic business relationships, and developing our people."

For earnings history and earnings-related data on WD-40 Co (WDFC) click here.

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