Why WD-40 Stock Dropped 6% After Earnings

WD-40 (WDFC -6.20%) stock fell 6.3% through 11:30 a.m. ET Monday despite the company beating forecasts in its fiscal Q1 2025 earnings report, released after close of trading last Friday.Analysts had expected WD-40 to earn only $1.26 per share in Q1, but the company actually earned $1.39 per share, a significant "beat." WD-40 Q1 earningsSales for the quarter were $153.5 million, about 9% better than quarterly earnings one year ago, and WD-40 expanded its gross profit margin by 1 full percentage point to 54.8 ...