WD-40 Volatile Following on Q3 Earnings Results

Shares of WD-40 Company WDFC are trading lower in the after-hours following the release of the company's Q3 earnings results. Currently, shares are lower by 2.83%, trading at $40.50; they ended the regular session higher by 2.03%, at $41.68. SemiLEDs reported Q3 EPS of $0.47 on revenues of $85.5 million; the Street was looking for $0.51 per share on revenues of $87.9 million. Revenues increased 3.6% year over year. "While we have seen sales declines in the U.S. in the current fiscal year, we see this as more of a bad weather situation than a change in climate, and we are working hard to address lost product offerings and promotional challenges we have had with certain key customers," Ridge said. "We continue to see our focus on global expansion pay off as we now have 60% of our total sales year-to-date outside the United States." WD-40 Company is a global consumer products company dedicated to delivering solutions for a range of maintenance needs of doer and on-the-job users. The company's product lines include multi-purpose maintenance products and homecare and cleaning products.