Reuters: Global Markets: WD-40 second quarter beats, sees strong fiscal year

Reuters: Global Markets Reuters.com is your source for breaking news, business, financial and investing news, including personal finance and stocks. Reuters is the leading global provider of news, financial information and technology solutions to the world's media, financial institutions, businesses and individuals. // via fulltextrssfeed.com

WD-40 second quarter beats, sees strong fiscal year Apr 5th 2012, 20:55 Thu Apr 5, 2012 4:55pm EDT (Reuters) - WD-40 Company (WDFC.O) posted second-quarter results that beat Wall Street expectations helped by higher sales in its Americas region, as well as lower advertising and promotions, and the consumer products maker forecast a strong 2012. WD-40, which makes household lubricants and cleaning products, forecast full-year 2012 earnings of $2.33 per share to $2.45 per share on net sales of $353 million to $370 million. Analysts, on average, were expecting earnings of $2.30 a share on revenue of $357.4 million, according to Thomson Reuters I/B/E/S. Second-quarter net income rose to $10.6 million, or 65 cents a share, from $9.1 million, or 53 cents a share, last year. Net sales rose 9 percent to $86 million, with those in the Americas segment growing 21 percent to $46 million. Analysts, on average, were expecting earnings of 54 cents a share on revenue of $85.3 million. Shares of the San Diego-based company were up 3 percent in extended trading. They had closed at $44.78 on Thursday on the Nasdaq. (Reporting by Chris Jonathan Peters in Bangalore; Editing by Viraj Nair) Link this Share this Digg this Email Reprints

You are receiving this email because you subscribed to this feed at blogtrottr.com. If you no longer wish to receive these emails, you can unsubscribe from this feed, or manage all your subscriptions