WD-40 shares jump 15% after Q3 beat and higher full-year guidance

According to CNBC, WD-40 Company shares jumped 15% Thursday night after the lubricant maker reported fiscal third-quarter results that beat expectations and raised its full-year outlook. The company posted adjusted earnings of $2.33 per share on revenue of $195.1 million, topping FactSet estimates of $1.56 per share and $172.8 million. WD-40 raised earnings guidance to $6.05 to $6.35 per share from $5.75 to $6.15, and lifted its revenue forecast to $675 million to $690 million from $630 million to $655 million.