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WD-40 stock skids after fiscal 2Q revenue miss

The San Diego company brought in earnings of $1.14 per share on revenue of $101.3 million
WD-40 containers
WD-40 posted 2Q fiscal earnings that missed on revenue and beat on earnings

WD-40 Company (NASDAQ:WDFC) shares slipped Tuesday after the company posted fiscal second-quarter earnings after the bell that missed on revenue and beat on earnings. The 

The San Diego-based company brought in earnings of $1.14 per share on revenue of $101.3 million, up from $1.05 earnings per share (EPS) on revenue of $101 million the previous year. Net income came in at $15.9 million, compared to $14.8 million a year earlier.

Analysts were expecting $1.11 EPS on revenue of $104 million.

Looking forward, the company reaffirmed its fiscal 2019 guidance of EPS between $4.51 and $4.58 on revenue between $425 million and $437 million. That said, Vice President and Chief Financial Officer Jay Rembolt noted that revenue would likely fell near the low end of the range.

Street analysts project $4.55 EPS on $427.7 million in revenue for fiscal 2019.

The stock slid nearly 4% to $165.58.

Contact Andrew Kessel at [email protected]

Follow him on Twitter @andrew_kessel

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