Over the last day, the stock of WD-40, an American company and trademark of a well-known aerosol product, has increased sharply along with displaying the strong result on the chart. The stock prices have gained more than $0.33 in value, which represents a 4% increase. Moreover, the company showed strong results in their second-quarter report, which could the main reason for such a jump. According to the announced fourth report, the company has shown pretty high results in this quarter. Total net sales for the quarter is $115.2 million, which shows an increase of 3% compared to the last year’s result. However, the net income of the company is equated to $8.4 million, which is according to the last year’s fourth quarter is a decrease of 57%. The company was affected by difficulties from the COVID-19 pandemic but the company will try to show strengthened results in the upcoming quarter.
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