Fastenal Company (FAST – Analyst Report) recently announced that it is likely to miss fourth quarter 2013 average analyst earnings estimate of 36 cents, due to sluggish sales, higher employee cost and weak margins. However, earnings are expected to surpass the year-ago figure of 33 cents.
The national distributor of industrial/construction supplies has been struggling with its top line due to lower sales of its fasteners (…)
via : Fastenal Issues Q4 Update – December 23, 2013 – Zacks.com