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    Home » WD-40 shares rose 6% after the company reported higher quarterly sales
    Financial Market

    WD-40 shares rose 6% after the company reported higher quarterly sales

    ZEMS BLOGBy ZEMS BLOGJanuary 9, 2024No Comments1 Min Read
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    WD-40 WDFC Stocks,
    -0.51%
    rose in after-hours trading Tuesday after the maker of maintenance and cleaning products reported higher sales and profits for its fiscal first quarter.

    The stock rose about 6% to $252, adding to gains of about 46% over the past 12 months.

    The company had quarterly earnings of $1.28 per share, up from $1.02 per share in the same period last year. Revenue rose 12% to $140.4 million.

    In a conference call, CEO Steve Brass said the company has run successful promotional campaigns across the United States, Canada, China and other important markets. Sales volumes of the company's versatile product fell in Europe as customers responded to price increases.

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