Shares of WD-40 ( WDFC) slipped in late trading Monday after the maker of lubricants and household cleaners beat Wall Street's third-quarter expectations, but gave a disappointing full-year forecast. For the quarter ended May 31, the company posted income of $7 million, or 42 cents a share, up from $6.4 million, or 38 cents a share, a year ago. Sales increased 12% to $73.1 million. Analysts polled by Thomson First Call had forecast earnings of 38 cents a share and sales of $72.1 million. For fiscal 2006, WD-40 sees earnings of $1.55 to $1.65 a share, narrowed from an earlier projection of $1.50 to $1.65. The company cut its sales projection to $285 million to $290 million from an earlier forecast of $288 million to $299 million. Analysts predict full-year earnings of $1.69 a share, with sales of $294.1 million. WD-40 shares sank $2.58, or 7.6%, to $31.30 in after-hours trading. Alcoa ( AA) shares moved lower after the aluminum giant posted weaker-than-expected revenue for the second quarter. The company reported a profit of $744 million, or 85 cents a share, up from $460 million, or 52 cents a share, a year earlier. Earnings from continuing operations rose to $752 million, or 86 cents a share, from $496 million, or 56 cents a share, a year earlier. The results included about 4 cents a share in charges tied to its U.S. labor contracts and strike preparations. Analysts expected earnings of 86 cents a share. Alcoa's revenue rose to $7.96 billion from $6.69 billion a year earlier, but missed Wall Street's forecast of $8.02 billion. Shares fell $1.46, or 4.4%, to $31.95 after hours. Websense ( WBSN) put its second-quarter earnings and revenue within its guidance, though it reduced its estimate for billings. The maker of Web-security and Web-filtering software projected net earnings of 16 cents to 17 cents a share. Non-GAAP earnings, which exclude stock-based compensation expenses and the related tax effects, are expected to be 24 cents to 25 cents a share. The earnings estimates match its prior guidance.
For the top line, Websense forecast second-quarter revenue "in excess of" $44 million, within its guidance range of $43.5 and $44.5 million. Websense said it expects billings, which represent the full amount of subscription contracts billed to customers during the quarter, to be between $49.5 million and $50 million, down from an earlier forecast of $52 million to $55 million. "Our second quarter billings performance reflected continued transition to a pure-channel distribution model, which resulted in challenges generating new business outside our renewal base, especially in North America," the company said. Analysts predict earnings of 24 cents a share on revenue of $44.2 million. Shares rose 8 cents to $18.74 after hours. Shares of Lucent ( LU) fell after the telecom-equipment company said third-quarter results will miss Wall Street's estimate amid a slowdown in wireless sales. Lucent said it expects to post a profit of 2 cents a share for the quarter ended last month, with revenue of $2.04 billion. Analysts anticipated EPS of 4 cents on sales of $2.34 billion. The company forecast stronger results in the fourth quarter. Analysts target fourth-quarter earnings of 5 cents a share on revenue of $2.56 billion. Shares fell 7 cents, or 2%, to $2.27 after hours. Audiovox ( VOXX) reported lower first-quarter results and announced a new buyback plan. For the first quarter ended May 31, the electronics products company said income totaled $1.5 million, or 7 cents a share, compared with $5.6 million, or 25 cents a share a year ago. Sales dropped 23% to $111.3 million. Mobile-electronics sales, which represented 75% of net sales, dropped 11% to $83.1 million due to lower sales of satellite-radio products. Audiovox said its board approved a new stock-repurchase program authorizing the company to repurchase up to 2 million shares. Shares gained 41 cents, or 3.2%, to $13.20 after hours. Shares of Key Tronic ( KTCC) surged 38% after the electronic-manufacturing-services company said preliminary fourth-quarter results topped expectations. The company said it expects to post revenue of about $52 million for the quarter ended June 30, up from a previous estimate in the range of $46 million to $50 million. Key Tronic said the higher-than-anticipated revenue reflects strong growth in demand from a number of existing customers. Key Tronic projected fourth-quarter income of 18 cents to 20 cents a share, up from the previous estimates of 7 cents and 12 cents a share. Shares jumped $1.60 to $5.80 after hours.