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Stock Market & Financial Investment News

News Breaks
April 11, 2014
11:47 EDTFAST, GWW, 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
Check below for free stories on FAST;GWW;HDS the last two weeks.
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July 21, 2014
07:46 EDTGWWAcklands-Grainger agrees to acquire WFS Enterprises
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July 18, 2014
11:25 EDTFASTOptions with decreasing implied volatility
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July 17, 2014
07:34 EDTGWWGrainger narrows FY14 EPS to $12.20-$12.60 from $12.10-$12.85, consensus $12.60
Cuts high-end of FY14 revenue guidance to 5%-7% growth from 5%-9% growth, consensus $10.08B
07:34 EDTGWWGrainger reports Q2 adjusted EPS $3.09, consensus $3.09
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07:34 EDTGWWGrainger 'pleased' with U.S. business, Canada was challenging
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July 16, 2014
10:35 EDTFASTOptions with decreasing implied volatility
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July 15, 2014
10:37 EDTFASTOptions with decreasing implied volatility
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July 14, 2014
10:00 EDTFASTOptions with decreasing implied volatility: SHPG INFY CWH FDO IDIX FAST

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