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Stock Market & Financial Investment News

News Breaks
April 11, 2014
11:47 EDTGWW, FAST, HDSFastenal slips despite better than expected Q1 sales
Shares of industrial and construction supply retailer Fastenal (FAST) are lower after the company reported first quarter earnings per share which matched analysts' consensus and first quarter revenue that surpassed analysts' expectations. WHAT'S NEW: Fastenal's first quarter earnings per share of 38c mirrored analysts' consensus, while its revenue of $876.5M beat analysts' consensus of about $870M. Fastenal said that first quarter daily sales increased 8.7%. WHAT'S NOTABLE: During the company's earnings conference call, Fastenal said its business in January and February were "heavily" impacted by the winter weather. The company said it took a step back in the first quarter, but is very focused on 23% pre-tax growth. Fastenal said heavy equipment was very challenging for the company through FY13, though it is now seeing some nominal improvement in that business. If the situation is right, the company said it is open to future M&A opportunities. OTHERS TO WATCH: Other industrial products distributors include W.W. Grainger (GWW) and HD Supply (HDS). PRICE ACTION: During morning trading, shares of Fastenal slipped 95c or $1.87% to $49.75. Year-to-date, the stock is up a bit more than 4%.
News For FAST;GWW;HDS From The Last 14 Days
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December 12, 2014
16:31 EDTGWWGrainger to withdraw Chicago stock exchange listing, retain NYSE listing
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10:01 EDTFAST, GWWOn The Fly: Analyst Initiation Summary
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08:00 EDTGWWGrainger reports November daily sales up 8%
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07:11 EDTGWWGrainger initiated with a Buy at Stifel
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07:11 EDTFASTFastenal initiated with a Buy at Stifel
Target $56.
December 11, 2014
09:16 EDTHDSOn The Fly: Pre-market Movers
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08:06 EDTHDSHD Supply 40.66M share Block Trade priced at $27.30
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December 10, 2014
16:35 EDTHDSHD Supply files to sell 40.66M shares of common stock for holders
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December 9, 2014
06:06 EDTHDSHD Supply backs FY14 estimated end market growth of 4%
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06:05 EDTHDSHD Supply sees Q4 adjusted EPS 7c-12c, consensus 13c
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06:04 EDTHDSHD Supply reports November preliminary sales $668M
Preliminary November year-over-year average daily sales growth by business is Facilities Maintenance 7.5%, Waterworks 7.4%, Power Solutions (0.7%) , and Construction & Industrial White Cap 16.2%.
06:04 EDTHDSHD Supply reports August sales $785M, September sales $750M
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06:03 EDTHDSHD Supply reports Q3 Waterworks sales up 19% to $695M
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06:02 EDTHDSHD Supply reports Q3 adjusted EBITDA up 17% to $265M
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06:02 EDTHDSHD Supply reports Q3 adjusted EPS 55c, consensus 53c
Reports Q3 revenue $2.49B, consensus $2.47B
December 8, 2014
15:20 EDTHDSNotable companies reporting before tomorrow's open
Notable companies reporting before tomorrow's market open, with earnings consensus, include AutoZone(AZO), consensus $7.16; HD Supply (HDS), consensus 53c; Burlington Stores (BURL), consensus 12c; Science Applications International (SAIC), consensus 74c; UTi Worldwide (UTIW), consensus 6c; The Pantry (PTRY), consensus 46c; Pep Boys (PBY), consensus 12c.

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