Fastenal Co. Earnings: Here’s Why Shares are Down Now

  Google+ | + More Articles
  • Like on Facebook
  • Share on Google+
  • Share on LinkedIn

Fastenal Co. (NASDAQ:FAST) delivered a profit and met Wall Street’s expectations, AND came up short on beating the revenue expectation. The revenue miss is a negative sign to shareholders seeking high growth out of the company. Shares are down 0.15%.

Fastenal Co. Earnings Cheat Sheet

Results: Adjusted Earnings Per Share increased 7.89% to $0.41 in the quarter versus EPS of $0.38 in the year-earlier quarter.

Revenue: Rose 5.31% to $847.6 million from the year-earlier quarter.

Actual vs. Wall St. Expectations: Fastenal Co. reported adjusted EPS income of $0.41 per share. By that measure, the company missed the mean analyst estimate of $0.41. It missed the average revenue estimate of $857.13 million.

Quoting Management: There was no comment from the management.

Key Stats (on next page)…

More Articles About:

To contact the reporter on this story: staff.writers@wallstcheatsheet.com To contact the editor responsible for this story: editors@wallstcheatsheet.com

Yahoo Finance, Harvard Business Review, Market Watch, The Wall St. Journal, Financial Times, CNN Money, Fox Business