Wall Street Watch Tuesday: WD-40 Becomes a Squeaky Wheel
Filed under: Market News
WD-40 (WDFC) may not be the all-weather company that investors thought they were buying. The company behind the namesake multi-purpose lubricant posted disappointing quarterly results after Monday’s market close.
Revenue slipped 6% to $84.9 million in its fiscal fourth quarter, and net income declined 12% to $0.56 a share. You’ll be seeing plenty of companies post lower financial results this challenging earnings season, but it wasn’t supposed to be that way for WD-40.
Analysts figured that…
Wall Street Watch Tuesday: WD-40 Becomes a Squeaky Wheel originally appeared on DailyFinance.com on 2012-10-16T06:00:00Z.
Permalink | Email this | Comments
http://www.dailyfinance.com/2012/10/16/wall-street-watch-tuesday-wd-40-becomes-a-squeaky-wheel/