Why WD-40 Shares Are Trading Higher By Over 17%? Here Are Other Stocks Moving In Wednesday's Mid-Day Session
Portfolio Pulse from Avi Kapoor
WD-40 Company (NASDAQ:WDFC) shares surged over 17% after reporting Q1 earnings of $1.28 per share, surpassing estimates of $1.05 per share, and sales of $140.42 million, above the expected $134.37 million. Other stocks experienced significant movements in Wednesday's mid-day session, with various companies reporting funding, FDA interactions, earnings, and other corporate updates.
January 10, 2024 | 6:06 pm
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WD-40 Company's stock rose sharply after reporting higher-than-expected Q1 earnings and sales, indicating strong financial performance.
The positive earnings report significantly exceeded analyst expectations, which typically leads to a positive short-term impact on the stock price.
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IMPORTANCE 90
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