Falls on poor Q2 results, analysts expect margin pressure

WD-40 Co

09/04/2021 18:25

** Shares in household products co  WDFC.O  down ~15% at
$262.78
    ** 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)
 ((Arundhati.Sarkar@thomsonreuters.com;
twitter.com/Arundhati_05; +1 646 223 8780 Ext: 2776))