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Fastenal's stock dropped 10.8% as it missed earnings estimates, though revenue rose 3.7% to $1.82B.
Fastenal, a company that distributes industrial and construction supplies, saw its stock fall 10.8% in the fourth quarter.
The company reported earnings of $0.46 per share, missing estimates by $0.02, and increased its quarterly dividend to $0.43.
Analysts have given mixed ratings, with some lowering their targets.
Institutional investors hold 81.38% of Fastenal's stock, and the company's revenue rose 3.7% to $1.82 billion.
4 Articles
Las acciones de Fastenal cayeron 10.8% ya que perdió las estimaciones de ganancias, aunque los ingresos aumentaron 3.7% a $1.82B.