WD-40 Stock Surges 11% on July 10 as Q3 Revenue Beats Forecast at $195.1M, Up 24% YoY

According to Barron's, WD-40 stock surged 11% on Friday (July 10) after the company beat earnings expectations with third-quarter revenue of $195.1 million, up 24% year-over-year and significantly exceeding analyst estimates of $172.8 million. Q3 earnings per share reached $2.33, also surpassing Wall Street's estimate of $1.56.

Growth was broad-based globally, with Americas revenue up 29%, Asia-Pacific up 24%, and Europe, Africa, Middle East and India up 17%. The company also raised its full-year EPS guidance to $6.05–$6.35 from the prior range of $5.75–$6.15, above the market consensus of $6.01.