Fastenal (FAST) Q2 Earnings Meet Estimates, Net Sales Miss

The quarterly results reflect higher unit sales attributable to growth with larger customers and Onsite locations opened in the last two years. The uptrend was partially offset by lower product pricing showcasing lower fastener pricing, which is a by-product of lower transportation costs, as well as lower pricing in certain safety and other product categories. Also, foreign exchange rates negatively impacted the quarter's sales to some extent. Shares of the company gained 5.6% in the pre-market trading sess ...