78.01
price up icon0.52%   0.40
after-market Dopo l'orario di chiusura: 78.97 0.96 +1.23%
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Perché le azioni Fastenal Co (FAST) sono in ribasso?

2024-04-11:

Fastenal Co (FAST) stock fell by 6.05% due to disappointing financial results and challenges faced in the first quarter, which proved too significant to overcome.

  • First Quarter Results: Following the release of its first-quarter results, the distributor of industrial and construction supplies reported earnings of $0.52 per share on revenue of $1.9 billion. While the earnings were slightly below Wall Street's expectations of $0.53 per share, the revenue was just under the anticipated $1.91 billion.
  • Challenges in the Industrial Sector: Fastenal continues to face sluggish demand in the industrial sector, which has impacted its sales growth. Despite efforts to maintain performance, the company's sales only grew by 1.9% in the quarter, with adverse weather conditions further reducing sales by 35 to 55 basis points compared to the previous year.
industrial_distribution GWW
$1,005.25
price up icon 1.23%
$164.87
price up icon 2.56%
industrial_distribution WSO
$520.51
price up icon 1.73%
$325.66
price up icon 2.26%
industrial_distribution CNM
$50.96
price up icon 3.09%
Capitalizzazione:     |  Volume (24 ore):