Shares of maintenance, homecare, and cleaning products provider WD-40 company (NASDAQ:WDFC) are inching upward today after it announced better-than-anticipated third-quarter numbers.
Revenue rose 14.6% year-over-year to $141.7 million, outperforming estimates by $3.3 million. Additionally, EPS at $1.38 too landed ahead of expectations by $0.16. During the quarter, net sales in the Americas rose by 16% and in the Asia-pacific region by 42% on the back of robust maintenance product sales.
Looking ahead, for the full-year 2023, WDFC expects net sales to hover between $535 million and $560 million. EPS is seen landing between $4.80 and $5 during this period.
While shares of the company have already surged nearly 15.5% over the past six months, short interest in the stock still remains elevated at nearly 8%.
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