Why WD-40 Stock Fell 9% This Week

WD-40 (NASDAQ: WDFC) shareholders lost ground to a rising market this week, with the stock dropping 9% through late trading on Thursday afternoon. The consumer products specialist announced earnings that weren't well received by Wall Street.

WD-40, which produces home and automotive cleaning products, announced that sales fell 3% in the quarter that ended in late August after accounting for currency exchange shifts. Earnings declined 57% compared a year earlier.

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Source Fool.com