UPDATE 1-WD-40 quarterly profit falls 53 pct; cuts FY09 outlook

* Q2 EPS $0.25 vs $0.51 last year

* Sales down 22 pct to $61.8 mln

* Sees FY09 sales of $279.0-$292.0 mln vs est $311.8 mln

* Shares down 8 pct

April 8 (Reuters) - WD-40 Co (WDFC.O) posted a 53 percent fall in second-quarter profit, hurt by a charge and unfavorable foreign currency exchange rates, and cut its fiscal 2009 earnings outlook, sending its shares down 8 percent.

For fiscal 2009, the company now expects to earn $22.5 million to $25.8 million, including a foreign currency exchange impact of $5.0 million, compared with its prior view of a profit of $26.5 million to $29.0 million.

For the second quarter, the household lubricant and cleaning products maker posted a profit of $4.1 million, compared with $8.7 million a year ago.

Net income for the quarter included a $2.8 million brand-valuation charge.

San Diego-based WD-40's shares were trading at $24.00 after the bell. They closed at $26.20 Wednesday on Nasdaq.

For related alerts, double click [ID:nWNAB2068] (Reporting by Renju Jose in Bangalore; Editing by Vinu Pilakkott)