WD-40 shares pop 6% after company reports higher quarterly sales
From Dow Jones & Company:
Shares of WD-40 rose by 6% after the company reported higher sales and earnings for its fiscal first quarter, with revenue increasing by 12% to $140.4 million. Quarterly earnings per share rose to $1.28 from $1.02 in the same period last year. Chief Executive Steve Brass mentioned successful promotional campaigns in the U.S., Canada, China, and other key markets, but also noted a decrease in sales volumes of the company’s multi-use product in Europe due to price increases. The stock has seen gains of nearly 46% over the past 12 months.
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