NEW YORK (TheStreet) -- WD-40 Co. (WDFC) is down 6.4% to $72.87 in trading Wednesday.
The fall comes following disappointing second quarter earnings results released Tuesday.
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The consumer products manufacturer posted earnings of $10.3 million, or 67 cents per share, during the quarter. That number is down from the $10.46 million in revenue in the second quarter of 2013.
Analysts consensus estimates had EPS earnings at 68 cents per share for the company.
Revenue was up to $94.2 million, a 9% increase from the same quarter last year. Revenue for this quarter beat analysts estimates of $92.3 million.
WD-40 set a full year 2014 guidance of $383 million to $398 million in revenue with earnings of $40.5 to $42.8 million.
TheStreet Ratings team rates WD-40 CO as a Buy with a ratings score of A-. TheStreet Ratings Team has this to say about their recommendation:
"We rate WD-40 CO (WDFC) a BUY. This is based on the convergence of positive investment measures, which should help this stock outperform the majority of stocks that we rate. The company's strengths can be seen in multiple areas, such as its revenue growth, largely solid financial position with reasonable debt levels by most measures, growth in earnings per share, expanding profit margins and solid stock price performance. We feel these strengths outweigh the fact that the company shows weak operating cash flow."