Stocks React to Fed Commentary and Bond Yields, Making Moves After Hours
WD-40 stock rose 4% in after-hours trading after reporting strong fiscal third-quarter results, with net sales up 15% and net income up 30% year over year. The company's CEO expressed confidence in its ability to perform well in the long run. On the other hand, PriceSmart stock fell 5% in after-hours trading despite announcing a stock buyback program and reporting solid financial results, including a 6.4% increase in total revenue and a 65% increase in adjusted net income. Investors were looking for stronger evidence of a recovery from the warehouse retailer.