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