Fastenal Q3 Profit Climbs, But Misses Market View; Stock Down

Shares of Fastenal Co. were losing around 4 percent in the pre-market activity on the Nasdaq, after the company's's third-quarter profit missed market estimates, despite a growth. The provider of industrial and construction supplies recorded higher net sales, but inline with the Street view. Price contributed 240 to 270 basis points to growth, which was lower than expected. In the third quarter, net income climbed 12.6 percent to $ 335.5 million from last year's $298.1 million. Earnings per share were $0.2 ...