Fastenal Falls As Construction Supply Giant Earnings Just Meet Views

Fastenal (FAST) reported higher first-quarter earnings and sales early Wednesday, but only met analyst views. Investors weren't happy, sending shares of the construction supply giant sharply lower.

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Earnings per share rose 33% to 61 cents, matching the Zacks Investment Research. Revenue rose 13% to $1.186 billion, right on the Zacks consensus.

The Nasdaq-listed Fastenal fell 4.4% before the open on the stock market today. Fastenal currently holds an IBD Composite Rating of 96, putting it...

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