WD-40 (WDFC) Stock Jumps After Announcing Q4 Report

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.

Michael Rowels

Weekend Contributor.Writing for business and finance publishers has become his passion over the last decades after he completed a master's degree in Financial Management. Sharing some opinions and forecasts to thousands of readers is a routine job for him but he never promises to invest in one stock.