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WD-40 Company Misses Revenue Estimate, Slashes Guidance

Investors are closely watching WD-40 Company (NASDAQ:WDFC) after the company released its fiscal third quarter financial results. The San Diego, California-based oil and water displacing spray maker earned $0.88 per share, above the analysts’ forecast of $0.86. Revenue in the quarter came in at $96.4 million, missing the expected $99.3 million. For full fiscal 2016, WD-40 Company sees its EPS in the range of $3.40 to $3.47. Revenue guidance for the full year is between $378 million and $383 million, versus the consensus estimate of $385.90 million. A statement released by the company said the financial results in the quarter were hurt due to flat domestic sales and currency headwinds abroad. As of the end of the first quarter, 11 funds tracked by Insider Monkey had stakes in WD-40 Company (NASDAQ:WDFC).

Eleven Biotherapeutics to Get $22.5 Million

Eleven Biotherapeutics Inc (NASDAQ:EBIO) has skyrocketed by nearly 40% after the company said its investigational new drug application for the treatment of diabetic macular edema has become effective, making the company eligible to receive $22.5 million from F. Hoffmann-La Roche Ltd and Hoffmann-La Roche Inc, according to the terms of an agreement reached last month. According to the agreement, Eleven Biotherapeutics could receive up to $262.5 million upon the achievement of various milestones. Only two investors from our database were bullish on Eleven Biotherapeutics Inc (NASDAQ:EBIO) at the end of March.

Apollo Education Beats Estimates

Apollo Education Group Inc (NASDAQ:APOL) is in the spotlight today after the company reported better-than-expected results for the fiscal third quarter. The Arizona based educational institutions company reported EPS of $0.37, topping the estimates of $0.28. Revenue of $558 million also beat the consensus of $546.97 million. In a statement, Apollo Education Group’s CEO Greg Cappelli said that the company is growing internationally; it servers 150,000 students on six continents. Mr. Cappelli added that Apollo Education Group will keep looking for “additional efficiencies” to support its long term strategic plans. Robert Rodriguez and Steven Romick’s First Pacific Advisors LLC is one of the 22 hedge funds from our database that reported stakes in Apollo Education Group Inc (NASDAQ:APOL) as of the end of the first quarter.

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