WD-40 Co. (WDFC) reported net income for the fourth quarter of $7.6 million or $0.46 per share, compared to $4.7 million or $0.28 per share in the year-ago quarter.
Net sales for the quarter increased 1.1% to $77.8 million from $76.9 million in the prior year quarter.
Analysts polled by Thomson Reuters expected the company to report earnings of $0.40 per share on revenue of $71.65 million for the quarter. Analysts' estimates typically exclude special items.
For fiscal year 2010, WD-40 expects net sales to grow 2%-9% to $298 million to $318 million, and earnings of $1.80 to $1.95 per share. Street expects earnings of $1.74 per share on revenue of $299.08 million for the year.
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