WD-40 Q2 Sales, Profit Flat
WD-40's results for the company's Q2 2013 have been released. For the quarter, net sales came in at $86.7 million, a slight rise from the $86.0 million in the same quarter the previous year. Net profit, meanwhile, inched down by 1%, to $10.5 million ($0.66 per diluted share), from Q2 2012's figure of $10.6 million ($0.65).
Although the net sales result was under the average analyst projection of $87.4 million, its EPS well exceeded estimates of $0.56.
In the press release announcing the earnings, WD-40 also updated its guidance for fiscal 2013. The company now expects net sales of $356 million-$370 million, and diluted EPS of $2.32-$2.42 for the year.
The article WD-40 Q2 Sales, Profit Flat originally appeared on Fool.com.Fool contributor Eric Volkman has no position in any stocks mentioned. The Motley Fool has no position in any of the stocks mentioned. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.
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