Fastenal Company Reports 2016 Second Quarter Earnings
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Fastenal (FAST) Misses Q2 EPS by 3c
July 12, 2016 6:51 AM EDTFastenal (NASDAQ: FAST) reported Q2 EPS of $0.45, $0.03 worse than the analyst estimate of $0.48. Revenue for the quarter came in at $1.01 billion versus the consensus estimate of $1.02 billion.
Summarizing comments There are three distinct influences to our growth: (1) execution, (2) currency fluctuations, and (3) economic fluctuations. This discussion centers on (2) and (3).
The change in currencies in foreign countries (primarily Canada) relative to the United States dollar impacted our net sales growth over the last several years. In the first six months of 2016, it lowered our net sales growth by 0.6%. During the years 2015 and 2014, it... More
