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WDFC - WD-40 Co News Story

$242.06 0.5  0.2%

Last Trade - 2:44pm

Consumer Defensives
Mid Cap
Market Cap £2.38bn
Enterprise Value £2.41bn
Revenue £321.1m
Position in Universe 1777th / 6849

BUZZ-WD-40 Co: Falls on poor Q2 results, analysts expect margin pressure

Fri 9th April, 2021 6:25pm
** Shares in household products co  WDFC.O  down ~15% at
    ** WDFC on Thursday after market reported second-quarter
results that fell short of Street estimates, hit by higher
expenses  urn:newsml:reuters.com:*:nPn3j7Mnta
    ** Selling, general and administrative expenses surged 19%
to $35.5 mln
    ** D.A. Davidson cuts PT to $295 from $353, saying that it
expects margin pressure to rise 
    ** The uptick in oil-based input costs will likely cause a
margin squeeze - Jefferies
    ** But co raises full-year revenue forecast to between $445
mln and $475 mln, from $435 mln to $470 mln    
    ** Shares have fallen 1.5% so far this year

 (Reporting by Arundhati Sarkar in Bengaluru)
twitter.com/Arundhati_05; +1 646 223 8780 Ext: 2776))
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