WD-40's stock (NASDAQ: WDFC) plummeted 8.10% in pre-market trading on Friday, reflecting investor disappointment following its fiscal first-quarter results.
The company reported earnings per share of $1.28, missing the consensus estimate of $1.36, while revenue of $154.4 million also fell short of expectations. The decline was exacerbated by a 10% drop in Asia-Pacific sales, attributed to timing issues in distributor networks.
Despite reaffirming its full-year guidance, the weaker-than-expected Q1 performance and regional sales challenges weighed heavily on the stock, leading to a significant pre-market drop.
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