WD-40 Q1 EPS $1.28 Beats $1.05 Estimate, Sales $140.42M Beat $134.37M Estimate
Portfolio Pulse from Benzinga Newsdesk
WD-40 reported Q1 earnings of $1.28 per share, surpassing the consensus estimate of $1.05 by 21.9%, and a 25.49% increase from last year. Sales reached $140.42M, exceeding estimates of $134.37M by 4.5% and marking a 12.43% increase from the previous year.
January 09, 2024 | 9:06 pm
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POSITIVE IMPACT
WD-40's Q1 earnings and sales exceeded analyst estimates, indicating strong financial performance and potential positive investor sentiment.
WD-40's significant beat on both earnings per share and sales compared to analyst estimates typically leads to positive short-term stock price movement as it reflects better-than-expected financial health and may boost investor confidence.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100