WD 40 Company (WDFC), maker of multi propose lubricants and heavy duty cleaners, is set to report earnings for the company's third quarter after the market close on Wednesday, July 8th. According to information from Bloomberg, analysts are expecting earnings of $0.76, which, if accurate, would show an 11% increase over the same quarter last year. In the previous quarter, WD-40 announced that earnings had grown 7% but had been strongly impacted by the foreign currency exchange rates. In the last earnings release, the San Diego-based company projected net sales growth for the year to be within 1% and 4% and be between $387 and $400 million compared to the $383 million earned in 2014. WD-40 Company is currently trading just 2% higher than it did at the beginning of the year.
More from Video
How quickly do we find support, is what we'll want to know now, as the correction is occurring while economic optimism builds.
Despite the president's promise of no stimulus until after Nov. 3, there are no signs yet that this is the sort of correlated selling that leads to a deep correction.
Salesforce, Amgen and Honeywell will give a lift to the DJIA going forward.
CAG has hung onto the bulk of its recent gains, and could rise to the $50 area, according to the charts and indicators.