NEW YORK (TheStreet) -- Shares of WD-40 Co. (WDFC) are down -6.66% to $71.04 at the start of trading on Thursday, continuing a decline it began Wednesday afternoon following the company's disappointing 2014 third quarter financial results, which didn't meet analysts' expectations.
WD-40, a consumer products company that delivers solutions for various maintenance needs, reported net earnings of $10.4 million, or 69 cents per share for the most recent quarter, missing analyst expectations of 72 cents.
However, The company reported a 3% growth in revenue from the 2013 third quarter to $95.7 million for the 2014 third quarter.
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Separately, 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, good cash flow from operations, growth in earnings per share and expanding profit margins. We feel these strengths outweigh the fact that the company has had sub par growth in net income."
Highlights from the analysis by TheStreet Ratings Team goes as follows: