WD-40 Company (WDFC), known for its household and multi-use products, saw its shares surge over 11% in pre-market trading on Thursday, reaching $245.55 following the announcement of stronger third-quarter results.
The company's net income for the third quarter rose to $19.84 million, or $1.46 per share, up from $18.90 million, or $1.38 per share, in the same period last year.
Additionally, quarterly sales experienced a 9% year-on-year increase, totaling $155.05 million.
WD-40 has reaffirmed its full-year outlook, continuing to anticipate sales between $570 million and $600 million, and earnings per share in the range of $5.00 to $5.30.
On Wednesday, WD-40 shares closed at $219.75, marking a 0.5% decrease. Over the past year, the stock has fluctuated between $194.09 and $278.78.
