Fastenal Earnings: Wall Street Not Impressed

S&P 500 (NYSE:SPY) component Fastenal Company (NASDAQ:FAST) announced higher numbers across the board, but investors are selling the news.

Fastenal Earnings Cheat Sheet

Earnings: Net income increased 41.9% to $79.6 million (54 cents/share) vs. $56 million (38 cents/share) in the year earlier quarter.

Revenue: Rose 23% to $640.9 million YoY.

Actual vs. Wall St. Expectations: Topped analyst estimates of 51 cents/share.

Today’s Performance: Shares of FAST were down over 1% pre-market.

Insider Activity: Neutral/Unfavorable.

Top Competitors to Watch: W.W. Grainger, Inc. (NYSE:GWW), Caterpillar Inc. (NYSE:CAT), 3M Company (NYSE:MMM), and Honeywell International Inc. (NYSE:HON).

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