BUZZ-Fastenal falls after Q3 profit comes in below expectations
Reuters
Oct 13
BUZZ-Fastenal falls after Q3 profit comes in below expectations
** Shares of industrial supplies maker Fastenal FAST.O fall over 5% to $43.4
** Co posts per share Q3 profit of 29 cents vs analysts' estimates of 30 cents, according to data compiled by LSEG
** Reports Q3 revenue of $2.13 billion, roughly in-line with estimates
** Flags sluggish industrial production during the quarter
** Four of 18 brokerages rate the stock "buy" or higher, 11 "hold" and three "sell" or lower; their median PT is $44 - LSEG
** YTD shares up 27.33% as of last close
(Reporting by Aishwarya Jain in Bengaluru)
((Aishwarya.Jain@thomsonreuters.com;))
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